Peabody debtors receive $20.45 million high bid for Dominion interest

By Caroline Salls

Pittsburgh, March 7 – Peabody Energy Corp. announced Tuesday that Contura Terminal, LLC and Ashland Terminal, Inc. submitted the winning bid for the interest in Dominion Terminal Associates owned by the Peabody Terminals, LLC and James River Coal Terminal, LLC debtors, according to a notice filed with the U.S. Bankruptcy Court for the Eastern District of Missouri.

Contura and Ashland submitted a $20.45 million winning bid.

Newport News Terminal Associates, LLC will serve as the back-up bidder, with a $20 million final offer.

The sale hearing is scheduled for Thursday.

Peabody, a St. Louis-based coal producer, filed bankruptcy on April 13, 2016. The Chapter 11 case number is 16-42529.

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