Peabody Energy Corporation (OTCMKTS:BTUUQ) has announced its Chief Legal Officer, A. Verona Dorch, has been named as one of the Most Influential Women in the US, in a list published by Savoy Magazine. The company stated that Verona Dorch is a global leader in the legal, government relations and compliance functions and has been with BTUUQ since August 2015. Moreover, she has over 20-years of experience, as a counsel to diverse global businesses.

Glenn Kellow, the CEO Peabody, stated that Verona is a mentor and a role model, who also reflects the values of the company. He expressed his pleasure at her strengths being recognized by global organizations and the business community. Mr. Kellow further went on to state that Verona is also a part of the company’s new management team, which combines industry strength, with the experience of the company itself.

In addition to this, one of Peabody’s Australian subsidiaries recently signed an agreement, to sell its Metropolitan Mine, in New South Wales, for $200 million, in cash. The agreement also cover its 16.67% interest in the Port Kembla coal terminal. The sale was made to a subsidiary of South32 Limited, but is still subject to customary working capital adjustments. The company noted that the agreement would allow Peabody to be released from financial assurances, worth approximately A$20 million. These are in the form of bank guarantees and cash, which would be replaced by South32, upon completion of the sale.

Mr. Kellow claimed that the action was in accordance with the company’s aim to strengthen its Australian portfolio, which he believes is the core of the company. He also voiced his belief that the sale would generate proceeds for their Australian business, as well as reduce future risks and capital expenditure requirements. The CEO highlighted that they plan to move forward with a smaller, yet more profitable portfolio in the country.

Peabody Energy Corporation (OTCMKTS:BTUUQ) recorded a surge of 15.53% in its share value, during the November 10 trading session, after having a trade volume of 1.37 million, to close at $14.8 per share.

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