Peabody, Shanxi Lu

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The Shaxi Mine, which is under construction, has the potentia to expand to 15 million tons or more per year in line with the developmenrt of a new rail project that woulf serve electricity customers and other industrialk users in Central and Eastern In thecoming months, the companies said they plan to conduct a feasibilit y study to evaluate technical requirements for next phaseas of development, which also includexs other coal reserves in the region owned by Lu’an.
“Chinza is leading the world in industrial growtgh and fueling its progress with said Peabody Energy Chairman and Chief Executive Gregory Boyce ina “Peabody has a growing presence in Asia and seekss to partner in world-class coal projects to fuel long-terjm energy needs …” Peabody has an expanding presence in China and is the only non-Chinese partner in a near-zero emissions power project in Tianjin. The company is pursuinfg multiple partnerships in Asia that includew a large surface mine and downstreajm coal conversion facility with the governmeng ofInner Mongolia, Chinaq and other partners; and projects in which include the Peabody-Polo Resources joint venture.
Chinas is the fastest-growing coal markef in the world, using coal to fuel 80 percent of its China is expected to nearlt double its electricity consumptionby 2015. Lu’anj had $5 billion in revenues in 2008. Peabody Energy BTU) is the world’s largest private-sectotr coal company, with revenue of $6.6 billion in 2008. Its coal productz fuel 10 percent ofall U.S. electricity generationb and 2 percent ofworldwide electricity.