	newmont mining corp reduces stake in peabody newmont mining corp said it completed the previously announced reduction of its share in peabody holding co inc to pct from pct newmont realized mln dlrs in the transaction for newmont reported net income of mln dlrs peabody the largest coal producer in the u s had net income of mln dlrs on sales of billion dlrs in newmont doubled its ownership in peabody in january by purchasing pct interest held by the williams cos for mln dlrs the reduction resulted from completion of an earlier announced agreement by peabody to sell a pct interest in the company to eastern gas and fuel associates in exchange for all the coal properties owned by eastern reuter 
