Peabody to Purchase Shoal Creek Coal Mine in Alabama
ST. LOUIS, MO (AP) — The St. Louis-based coal company Peabody Energy has agreed to purchase Shoal Creek metallurgical coal mine from Drummond Co. Inc. for $400 million. Peabody said Friday that the transaction is expected to close by the end of the year. The Shoal Creek mine is on the Black Warrior River in…