Corrs Chambers Westgarth has advised Peabody Energy on the sale of the Wilkie Creek Coal Mine to Bentley Resources.
Peabody Energy has announced that it has entered into a sale and purchase agreement with Singapore-based Bentley Resources to sell its Wilkie Creek Mine in Queensland's Surat Basin for approximately US$70 million in cash and the assumption of rail/port obligations and other liabilities, with closing subject to certain conditions. Wilkie Creek has been closed since December 2013.
Bruce Adkins, Partner, and Nick Thorne, Senior Associate, advised Peabody Energy on the sale.
For further information, please email Glenn Taylor or contact by phone on +61 2 9210 6593.