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Peabody/Arch Joint Venture Combines Powder River Basin and Colorado Assets

Peabody and Arch Coal announced June 19 they have entered into an agreement to combine the companies’ Powder River Basin (PRB) and Colorado assets in an extraordinary joint venture aimed at strengthening the competitiveness of coal against natural gas and renewables, while creating substantial value for customers and shareholders.
 
The transaction unites two strong, culturally aligned workforces with a commitment to core values such as safety and sustainability. Peabody believes the joint venture allows us to offer enhanced products and security of supply for customers, increased value for shareholders, greater efficiencies with for railroads, long-term opportunities for employees and strength for the communities in which we operate.

Peabody is the leading global pure-play coal company and a member of the Fortune 500, serving power and steel customers in more than 25 countries on six continents. The company offers significant scale, high-quality assets, and diversity in geography and products. Peabody is guided by seven core values: safety, customer focus, leadership, people, excellence, integrity and sustainability.