Sino-Pacific Coal Trading Corporation

Sino-Pacific Coal Trading Corporation is a 50:50% joint venture between Peabody Energy and Shenhua Group.

Background
In a media release announcing the joint venture, Peabody Energy stated that the company would source "coal from key global supply basins to provide Shenhua with thermal coal for its Chinese generating subsidiaries." The media release also stated that the joint venture would give Peabody "a priority position to supply Shenhua's growing import needs with coal from Peabody's expanding global platform." The company stated that, pending regulatory approval, the joint venture would commence operations in 2014.

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