Peabody Energy to buy Alabama coal mine for $400 million
By Cecilia Jamasmie US coal producer Peabody Energy (NYSE: BTU), the world’s largest privately owned producer of the fossil fuel, said Friday it had agreed to buy Shoal Creek metallurgical coal mine in central Alabama from Drummond Co. for $400 million. Located on the Black Warrior river, the mine serves the Asian and European steel […]
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