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Peabody Energy (NYSE:BTU) announced that it has leased 721 million tons of ultra low sulfur coal reserves near its Wyoming mine.
Peabody Energy (NYSE:BTU) announced that it has leased 721 million tons of ultra low sulfur coal reserves near its Wyoming mine.
As quoted in the press release:
The company submitted a bid of $1.10 per mineable ton for control of the North Porcupine reserve area to the Bureau of Land Management, which awarded the lease following a sealed bid auction process.
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