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21
Sep
2018
Peabody announces $400m Alabama coal acquisitionBy:Creamer Media Senior Deputy Editor Online COAL US coal major Peabody Energy on Friday announced the $400-million acquisition of the Shoal Creek metallurgical coal mine, in central Alabama, from private producer Drummond Company.
Located on the Black Warrior river, the mine serves the Asian and European steel mills with high-vol A coking coal and in 2017 sold 2.1-million tons.
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