Peabody Energy and Yanzhou Coal Mining Co. Enter Into Technology Agreement to Increase Coal Recovery From North Goonyella Mine

Peabody Energy (NYSE:BTU) announced it is licensing technology from Yanzhou Coal Mining Company that will increase coal recovery from its North Goonyella Mine.

The press release is quoted as saying:

Peabody estimates the new technology will allow the recovery of up to 3.9 million tons of additional high quality hard coking coal from the mine, with opportunities for future use in other areas.

To read the full press release, click here.