MEDIA RELEASE PR39105
Statement on Peabody Energy / Coal India Discussions
ST. LOUIS, Apr. 13 /PRNewswire-AsiaNet/ --
Peabody Energy and Coal India jointly released the following statement today.
-- Coal India and Peabody are in a broad range of preliminary discussions
to explore long-term coal supplies and other possible cooperative
ventures.
-- These are at very early stages and there have been no final agreements
or decisions made regarding timing or structure.
-- Peabody recognizes growing long-term coal demand in India, which may be
the world's fastest-growing coal importer.
-- These discussions are also unrelated to other potential transactions
that Peabody has recently been engaged in.
Certain statements in this press release are forward-looking as defined in the
Private Securities Litigation Reform Act of 1995. These forward-looking statements
are based on numerous assumptions that the company believes are reasonable, but they
are open to a wide range of uncertainties and business risks that may cause actual
results to differ materially from expectations. These factors are difficult to
accurately predict and may be beyond the company's control. The company does not
undertake to update its forward-looking statements. Factors that could affect results
include those described in this press release as well as risks detailed in the
company's reports filed with the Securities and Exchange Commission.
CONTACT:
Beth Sutton
+1 928-699-8243
SOURCE: Peabody Energy
CONTACT: Beth Sutton of Peabody Energy,
+1-928-699-8243
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