Peabody paid $1.52 billion for Excel and also assumed $227 million of Excel 's debt .
In October 2006 , Peabody completed an acquisition of Excel Coal Limited , an independent coal company in Australia .
Peabody paid $1.52 billion for Excel Coal Limited and also assumed $227 million of Excel Coal Limited 's debt .
In October 2006 , Peabody completed an acquisition of Excel Coal Limited , an independent coal company in Australia .