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The state-owned developer of the huge but remote Tavan Tolgoi coal deposit in Mongolia has...

The state-owned developer of the huge but remote Tavan Tolgoi coal deposit in Mongolia has invited Peabody Energy (BTU) to help build infrastructure at the project, Reuters reports. The move could put BTU in a strong position to get a bigger slice of the prized asset under a new bidding process than it had been allotted under a previous deal that was scrapped. BTU +1% premarket.
Comments (1)
  • Peabody just don't have the money or the capacity to borrow. They may play for a larger stake, but more importantly they need to push the time frame of expenditure out.
    16 Oct 2012, 12:58 PM Reply Like
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