Peabody And Arch To Combine U.S. PRB And Colorado Assets In Highly Synergistic Joint Venture To Unlock Approximately $820 Million In Synergies

PRNewswire

Jun 19, 2019

- JV synergies projected to average approximately $120 million per year over initial 10 years, with NPV of approximately $820 million

- Optimal combination expected to create one of lowest-cost thermal coal suppliers in U.S. to strengthen competitiveness against natural gas and renewables and create value

- JV ownership to be 66.5% Peabody and 33.5% Arch; Peabody to serve as operator

- Centerpiece combines two adjacent and highly productive U.S. coal mines into single, lower-cost complex

PR Newswire

ST. LOUIS, June 19, 2019

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