Peabody to establish new trading hub in SE Asia

US top coal mining firm Peabody Energy Corp said it would establish a new trading hub in South East Asia as part of its expansion to tap Asia pacific booming coal industry.

?The office will further expand our presence in serving the fast growing importing nations while accessing coal supplies in Indonesia, Vietnam and other nations. You can look for a more detailed announcement later this quarter,? CEO Gregory H Boyce said in a presentation which transcript was released on Tuesday.

He did not give the exact location of its planned news trading hub.(alex)