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Arch Coal and Peabody Energy will combine their Powder River Basin coal mines, including Black Thunder and North Antelope Rochelle, into a single joint venture. Peabody will own 66.5% and operate the venture; Arch will own 33.5%.
“We are excited about this transaction's potential to enhance the value of Arch's top-tier thermal coal assets.”laramielive.com
Summarized from public sources; check the original articles before acting on it.