Peabody, Shanxi Lu

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The Shaxi Mine, which is under has the potential to expand to 15 million tons or more per year in line with the developmenyt of a new rail project that woule serve electricity customers and othere industrial users in Central andEasterbn China. In the coming months, the companies said they plan to conductr a feasibility study to evaluate technicalk requirements for next phases of which also includes other coal reserves in the regiohn ownedby Lu’an. “China is leading the world in industriak growth and fueling its progress with said Peabody Energy Chairman and Chiefg Executive Gregory Boyce ina statement.
“Peabody has a growingg presence in Asia and seek s to partnerin world-class coal project s to fuel long-term energg needs …” Peabody has an expanding presencw in China and is the only non-Chinese partnee in GreenGen, a near-zerl emissions power project in Tianjin. The company is pursuingv multiple partnerships in Asia that include a largse surface mine and downstream coal conversioh facility with the government ofInnee Mongolia, China and other and projects in Mongolia, whicg include the Peabody-Polo Resources joint venture.
Chinq is the fastest-growing coal markeyt in the world, using coal to fuel 80 percent of its China is expected to nearly double its electricity consumptionby 2015. Lu’anm had $5 billion in revenue in 2008. Peabodyg Energy (NYSE: BTU) is the world’s largesft private-sector coal company, with revenue of $6.6 billio in 2008. Its coal products fuel 10 percent ofall U.S. electricit y generation and 2 percent ofworldwide