Peabody-Winsway Resources holds coal and uranium licenses in Mongolia, and is conducting an exploration program in the South Gobi region and throughout Mongolia.
Richard Navarre, president and chief commercial officer of Peabody, said: “We believe there are significant synergies combining Winsway’s logistics capabilities as the leading Chinese importer of Mongolian coal with Peabody’s leading global coal production and marketing position, creating an ideal platform to accelerate development of our Mongolian assets.
“We look forward to working with Winsway to further expand Mongolian coal exports into the high-growth China market, while also pursuing other growth opportunities.”
Winsway is a supplier of imported high-quality coking coal in China. It distributes and transports coal from Mongolia and other countries into China through its integrated service platform, which includes logistics parks, coal washing plants, and road and railway transportation capabilities along the coast, rivers and inland borders of China, including Inner Mongolia.
