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Peabody and Arch to merge Powder River Basin assets

PEABODY Energy, which owns several Australian coal mines, will dramatically increase its footprint in the US Powder River Basin through a joint venture with Arch Coal in a move that will strengthen the competitiveness of thermal coal against natural gas and renewables.

Lou Caruana
Peabody has the lowest-cost position among major Powder River Basin producers.

Peabody has the lowest-cost position among major Powder River Basin producers.

The JV, which would be 66.5% owned by Peabody and 33.5% owned by Arch, was expected to unlock synergies with a pre-tax net present value of approximately US$820 million, Peabody CEO Glenn Kellow said....

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