Peabody Shares Spike as Co. Announces JV with Shenhua Group

Peabody Energy (NYSE: BTU ) and China's Shenhua Group today announced they have entered into an agreement to create Sino-Pacific Coal Trading Corporation Pte. Ltd., a Singapore-based joint-venture company that will supply Shenhua's growing coal import demand with thermal coal from Peabody's global production and coal trading platform. Peabody Energy President – Asia and