Peabody Energy Enters Into Coal Sourcing Agreement Accessing Indonesian Coal

Peabody Energy BTU today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri to source 2 million tons of coal for Asian export through Peabody COALTRADE's international trading hub in Singapore. The contract marks the third term agreement Peabody has secured in recent months, which together account for 5.5 million tons of Indonesian coal. Coal from PT CEM will be secured over two years from a mine in East Kalimantan, and the relationship could be expanded over time.