Peabody, Shanxi Lu

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The Shaxi Mine, whicg is under construction, has the potentiaol to expand to 15 million tons or more per year in line with the developmentt of a new rail projec t that would serve electricitg customers and other industrial users in Central andEasternj China. In the cominv months, the companies said they plan to conducgt a feasibility study to evaluate technicalo requirements for next phases of which also includes other coal reserves in the region ownedby Lu’an.
“China is leading the worlfd in industrial growth and fuelinhg its progresswith coal,” said Peabody Energy Chairmabn and Chief Executive Gregory Boyce in a “Peabody has a growing presence in Asia and seeks to partner in world-class coal projects to fuel long-ternm energy needs …” Peabodyh has an expanding presence in China and is the only non-Chinesed partner in GreenGen, a near-zero emissionz power project in Tianjin.
The company is pursuing multiple partnerships in Asia that include a larg e surface mine and downstream coal conversion facilithy with the government ofInner Mongolia, China and other partners; and projects in which include the Peabody-Polo Resources joint China is the fastest-growing coal market in the world, using coal to fuel 80 percent of its China is expected to nearly double its electricity consumption by 2015. Lu’anb had $5 billion in revenue in 2008. Peabodyy Energy (NYSE: BTU) is the world’zs largest private-sector coal company, with revenue of $6.6 billion in 2008. Its coal product s fuel 10 percent ofall U.S.
electricityh generation and 2 percent ofworldwide electricity.