Universal Bioenergy has signed an agreement to acquire the Whitesburg Friday Branch Mine for an undisclosed sum.
The deal is expected to generate $264m in estimated revenues over the next five years.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Under the terms of the definitive agreement, Universal will acquire 40% of the interests and assets of Whitesburg from JLP & Partners LLC of Kentucky.
The Whitesburg Mine operates, mines and markets thermal coal in eastern Kentucky, US.
The closing of the transaction, subject to various customary conditions, is expected in the fourth quarter of 2011.

US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData