Coal producer Peabody Energy Corp. has joined forces with
Winsway Coking Coal Holdings Ltd. to form a Mongolian joint venture. The
collaboration, Peabody-Winsway Resources, was formed after Winsway acquired a
50% interest in the joint venture from Polo Resources. Winsway is the largest
off-taker of Mongolian coking coal and supplier of imported high-quality coking
coal in China. Peabody-Winsway Resources has coal and uranium licenses in
Mongolia, and is actively exploring the South Gobi region.