Peabody to sell Burton mine majority stake to Lenton Joint Venture

摘要

The Lenton Joint Venture has entered into an agreement toacquire the majority of Peabody Energy’s Burton coal mine in Queensland,Australia, according to New Hope Group, which owns 90% of Lenton.The price of the agreement for four mining tenements and theirinfrastructure is A$14 million ($11.22 million), New Hope said.The Burton mine entered into a care, maintenance andrehabilitation phase in December 2016.