September 6, 2017 / 1:12 AM / 18 days ago

BRIEF-Peabody to sell majority of Burton mine to Lenton JV

Sept 5 (Reuters) - Peabody Energy Corp

* Peabody enters into agreement to sell the majority of burton mine to the lenton joint venture

* Peabody energy corp entered into an agreement to sell majority of its burton mine and related infrastructure to lenton joint venture for about $11 million

* Peabody energy-deal will reduce co’s asset retirement obligation by approximately $53 million while also releasing an estimated $30 million of restricted cash Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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