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Peabody Energy short-listed for Mongolian coal development

Oilfield Technology,

Peabody Energy has announced that the Mongolian Government has placed the company in the top tier of the short list of companies that pre-qualify to invest and cooperate in development of the Tavan Tolgoi coal deposit.

"We are pleased that the Government of Mongolia has recognised the world-class coal mining and marketing expertise of Peabody and look forward to potentially working with the Government of Mongolia to advance a partnership and project that will unlock the full benefits of Mongolia's vast resources to benefit the people of Mongolia," said Gregory H. Boyce, Peabody Energy chairman and CEO.

Peabody Energy has earned a dozen awards in the past year for land restoration and environmental excellence, including two for Mongolia's first coal mine restoration project.

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