(MENAFN- ProactiveInvestors)
(ASX:ASL) subsidiary BTP Equipment Pty Ltd has received a Letter of Intent for the award of a preferred equipment supply contract to Peabody Energy’s (NYSE:BTU) Australian mine sites.
BTPE will supply 68 pieces of mining equipment to mine sites in key Australian coal precincts in the Hunter Valley and the Bowen Basin.
This will be based on a combination of dry hire and fully maintained dry hire.
The contract period is for four years (subject to annual renewals) and is subject only to negotiation and execution of a legally binding contract.
Peabody Energy is the world’s largest private-sector coal company with a market cap. of US$1.25 billion.
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