Thursday, April 19, 2007

UPDATE 1-Coal miner Peabody profit down, eyes spinoff

(Reuters) - "Peabody believes it can unlock significant long-term shareholder value from the separation of these entities," President and Chief Executive Gregory H. Boyce said in a statement.

The review of those properties that hold more than 1.5 billion tons of prove and probable coal reserves is expected to be completed in the coming months, it said.


Read more at Reuters.com Market News

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