Peabody Enters Into Long-Term Agreement For Powder River Basin Exports

According to Brean Murray Carrett & Co., Peabody Energy BTU entered into a long-term agreement for Powder River Basin exports. Brean Murray Carrett & Co. reported that yesterday evening, Peabody Energy announced an agreement with SSA Marine to initially export up to 24 million metric tons of Powder River Basin (PRB) coal per year through the planned Gateway Pacific Terminal in Washington. “Peabody has rights to the planned throughput over the life of the operation, and plans to ship its PRB coal to the terminal on the BNSF Railway.” Peabody Energy closed yesterday at $65.49.