MarketWatch / PR Newswire: Peabody Energy Acquires 5.1% Equity Interest in Winsway Coking Coal Holdings

Peabody Energy today announced that it has acquired a 5.1 percent equity interest in Winsway Coking Coal Holdings Ltd. in a series of purchases of Winsway’s shares on the Hong Kong Stock Exchange. The move further strengthens the strategic partnership between the two companies. Peabody and Winsway currently operate a joint venture in Mongolia that holds coal and uranium licenses in Mongolia and is conducting an active exploration program in the South Gobi region and throughout the country. In addition, Peabody and Winsway have recently entered into a non-binding memorandum of understanding to establish a joint venture to market coal in China and the Asia-Pacific region. Deutsche Bank served as broker on the purchases. To read the full article, click herePeabody Energy Acquires 5.1% Equity Interest in Winsway Coking Coal Holdings

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