UNDERGROUND

Peabody adds to its seaborne hard coking coal

PEABODY has signed a deal to buy the Shoal Creek metallurgical coal mine in the US from private coal producer Drummond Company for US$400 million.

Shoal Creek joins other Peabody longwall mines such as North Goonyella.

Shoal Creek joins other Peabody longwall mines such as North Goonyella.

The bad news for Australian producers is that some of the 2 million short tons the mine produces each year will still be sent to Asian steel mills. The rest will go to European mills. Peabody already...

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