Peabody Energy today provided an update on coal fundamentals and Peabody's positioning given recent global and domestic industry events. "We believe there is a fundamental mismatch in early reporting regarding China's new coal quality policies relative to the emerging view of its likely beneficial effects on Australian high-quality coal exports [...]
Peabody Energy today applauded the London-based Advertising Standards Authority (ASA), which rejected false advertising claims by WWF aimed at stopping candid discussion about coal's vital role in alleviating energy poverty, increasing access to low-cost electricity and improving emissions. "The company believes that access to clean, modern [...]
Employees at Peabody Energy's Cottage Grove Mine in Southern Illinois have reached a safety milestone, surpassing three years without an incident causing employees to miss a day of work. "Our employees at Cottage Grove have achieved a tremendous safety milestone, and one that inspires pride in all of us at Peabody," said Peabody President [...]
Peabody Energy announced today that it is reducing metallurgical coal production by approximately 1.5 million tons per year from the Burton Mine in Queensland, Australia. The Burton Mine is Peabody's highest unit-cost operation, and production levels are not sustainable in the current market environment. Following negotiations with the contractor [...]
ST. LOUIS, July 29, 2014 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today called for withdrawal of the proposed carbon rule for existing power plants and greater deployment of technology as the long-term solution to improve emissions, during testimony at a U.S. Environmental Protection Agency (EPA) hearing in Washington, D.C. Peabody is also [...]
ST. LOUIS, July 25, 2014 /PRNewswire/ -- The board of directors of Peabody Energy (NYSE: BTU) today declared a regular quarterly dividend on its common stock of $0.085 per share. The dividend is payable on Aug. 29, 2014, to holders of record on Aug. 8, 2014. Peabody Energy is the world's largest private-sector coal company and a global leader in [...]
- Second quarter revenues of $1.76 billion lead to Adjusted EBITDA of $213 million - Diluted Loss Per Share from Continuing Operations and Adjusted Diluted Loss Per Share both total $(0.28) - North Goonyella and Metropolitan longwalls successfully commissioned - Sustainable cost improvements continue across the platform; capital efficiency [...]
ST. LOUIS, July 21, 2014 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today it has named Raymond V. Shepherd III Vice President of Federal Government Relations to advance Peabody's public policy and regulatory interests on American energy and environmental matters. Based in Washington, D.C., Shepherd has responsibility for strengthening [...]
ST. LOUIS, July 17, 2014 /CNW/ -- Peabody Energy (NYSE:BTU) today praised the action of Australia's Parliament and Prime Minister in repealing the carbon tax, which has hurt consumers via high electricity costs and damaged the economy. "The Australia Government's reversal of the carbon tax is a lesson in leadership for the modern world," said [...]
ST. LOUIS, July 8, 2014 /PRNewswire/ -- On Tuesday, July 22, 2014, Peabody Energy will announce the results for the quarter ended June 30, 2014. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, July 22. Participants may access the call using the following phone numbers: U.S. & Canada (800) 230-1093 International [...]
Peabody Energy today announced the successful conclusion of its previously announced solicitation of consents from holders of its 4.75% Convertible Junior Subordinated Debentures due 2066. The purpose of the consent solicitation was to amend the indenture related to the convertible debentures by eliminating provisions relating to mandatory and [...]
Peabody Energy today announced that it has extended until 5:00 p.m., New York City time, on June 25, 2014, its solicitation of consents from holders of its 4.75% Convertible Junior Subordinated Debentures due 2066 to amend the related indenture. Consents with respect to the convertible debentures may be revoked at any time prior to the earlier of [...]