Peabody Energy, Kinder Morgan Sign Coal Export Deal

Law360, New York (July 17, 2012, 5:23 PM EDT) -- Coal mining giant Peabody Energy Corp. has inked a long-term deal with Kinder Morgan Energy Partners LP that will give Peabody better access to Kinder Morgan’s U.S. coal export terminals and allow it to meet growing international demand for coal, the companies said Tuesday.

The companies said the deal will help them increase coal exporting capacity in the Gulf Coast by 5 million to 7 million tons a year between 2014 and 2020. Financial details of the deal were not disclosed.

Under the deal, Peabody will...
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