Peabody announces completion of wards well acquisition

St. louis , april 16, 2024 /prnewswire/ -- peabody (nyse: btu) today announced the completion of the previously announced wards well acquisition. in october, the company reached an agreement to acquire a large portion of the wards well coal deposit immediately adjacent to the company's centurion mine complex, for cash consideration of $136 million and a contingent royalty of up to $200 million payable after recovery of the related project investment when coal prices exceed certain targets.
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