Peabody and Winsway Forming JV to Market Coal in Asia

Platts reported that Peabody Energy Corp. (NYSE:BTU) will market coal to Asia in a joint venture agreement with Winsway (HKG:1733).

As quoted in the market news:

The formal establishment of the JV will rely on the parties signing definitive binding documentation at a later unspecified date. Winsway said it has invited a Peabody representative to attend its board meetings as an observer.

Click here to read the full Platts report.