Peabody Energy has acquired a 5.1% stake in China-based Winsway Coking Coal for an undisclosed sum.
The move is part of a series of purchases of Winsway’s shares on the Hong Kong Stock Exchange.
Go deeper with GlobalData
Currently, Peabody and Winsway are joint venture partners that hold coal and uranium licences in Mongolia.
The two companies are also conducting an active exploration programme in the South Gobi region and throughout the country.
The companies recently entered into a non-binding memorandum to establish a joint venture market coal in China and the Asia-Pacific region.
Winsway Coking Coal Holdings is a supplier of imported coking coal and one of the single largest offtakers of Mongolian coking coal into China in terms of volume.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataPeabody Energy is the world’s largest private-sector coal company and a global leader in clean coal solutions.
