Peabody Energy, Arch Coal to Combine Powder River Basin, Colorado Assets, an Industrial Info Market Brief

Peabody Energy (NYSE:BTU) and Arch Coal Incorporated (NYSE:ARCH) said on Wednesday they plan to form a joint venture to combine their Powder River Basin (PRB) and Colorado coal mine properties. Peabody will own 66.5% of the joint venture, and Arch will own 33.5%.