Arch and Peabody to combine U.S. PRB and Colorado assets in highly synergistic joint venture to unlock approximately $820 million in synergies

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Jun 19, 2019
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- 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 33.5% Arch and 66.5% Peabody; Peabody to serve as operator

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

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