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Peabody puts Wilkie Creek up for sale

COAL giant Peabody Energy has started the sale process for its Wilkie Creek mine in Queensland’s Surat Basin. This is despite the mine producing more than 2 million tonnes per annum of thermal coal.

Lauren Barrett
Peabody puts Wilkie Creek up for sale

Peabody said it made the decision to try to sell the mine during the December 2011 quarter following its successful $4.9 billion takeover of Macarthur Coal.

According to The Australian, Peabody has appointed UBS to manage any possible sale.

The Wilkie Creek open-cut mine produces low sulfur, low nitrogen thermal coal.

Peabody acquired the mine in 2002.

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