Peabody Gets Bid on Australia Coal Mine

Reuters reported that a Chinese company has bid to purchase Peabody Energy’s (NYSE:BTU) Australia-based Wilkie Creek mine.

As quoted in the market news:

LG [International] has put in a bid, a spokesman in Seoul said earlier in the day. There has also been some interest from Japanese companies, a source close to the transaction said, declining to be named as the process is confidential.

Click here to read the full Reuters report.