Alcoa Subsidiary Acquires 100 Million Tons of Coal Reserves

1 decade 2 years 8 months ago Wednesday, April 05 2006 Apr 5, 2006 Wednesday, April 05, 2006 1:06:41 PM CDT April 05, 2006 in News
Peabody acquires 100 million tons of coal reserves in western Kentucky ST. LOUIS (AP) -- A subsidiary of St. Louis-based Peabody Energy Corporation purchases more than 100 (m) million tons of coal reserves in western Kentucky. The reserves in Union and Webster counties, which were acquired from Missouri-based Alcoa Fuels Incorporated, will produce up to four (m) million tons of coal each year. Peabody hopes to use the reserves for its planned Dyson Creek Mine, but the company says development will depend on market conditions.

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