Peabody Energy exchanges coal reserves for cash and ownership in Penn Virginia Resource Partners

ST. LOUIS, Dec. 31, 2002 -- Peabody Energy announced Thursday that it has formed an alliance with Penn Virginia Resource Partners, L.P., whereby Peabody is contributing coal reserves in exchange for $72.5 million in cash and 2.76 million units (15 percent) of the PVR master limited partnership.

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