ST. LOUIS, Dec. 9, 2013 /PRNewswire/ -- Peabody Energy today announced that it will cease production at the Wilkie Creek Mine in Queensland's Surat Basin and close the mine by the end of 2013. Approximately 200 employees and contractors at the mine have been notified of the closure. "We have completed our strategic review of the Wilkie Creek [...]
ST. LOUIS, Nov. 27, 2013 /PRNewswire/ -- Peabody Energy's 8 million pound dragline completed a historic journey from the company's Lee Ranch Mine northwest of Grants, New Mexico, more than 20 miles to its new home at the El Segundo Mine. One of the world's most massive machines, the 1570-W dragline crossed the high desert, carried by a specialized [...]
ST. LOUIS, Nov. 11, 2013 /PRNewswire/ -- In honor of his outstanding career achievements and enduring dedication to the University of Arizona's College of Engineering and its Department of Mining and Geological Engineering, Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce has been recognized as a 2013 University of Arizona [...]
ST. LOUIS, Nov. 5, 2013 /PRNewswire/ -- Peabody Energy today announced that Eric Ford, Executive Vice President – Office of the Chief Executive Officer, plans to retire effective Jan. 31, 2014, following a successful career of more than 40 years in the global mining sector. "We are thankful for Eric's many contributions to Peabody's success [...]
ST. LOUIS, Oct. 24, 2013 /PRNewswire/ -- The board of directors of Peabody Energy today declared a regular quarterly dividend on its common stock of $0.085 per share. The dividend is payable on Nov. 29, 2013, to holders of record on Nov. 7, 2013. Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable [...]
- Third quarter revenues of $1.80 billion lead to Adjusted EBITDA of $312 million - Diluted Earnings Per Share from Continuing Operations totals $0.06 with Adjusted Diluted Earnings Per Share of $0.05 - Successful cost containment results in lowest U.S. unit costs in three years; Australia unit costs improve 18 percent since early 2012 - New $2.85 [...]
Peabody Energy today announced that it has reached an agreement with Patriot Coal and the United Mine Workers of America (UMWA) to resolve all issues related to Patriot's bankruptcy. "Peabody has continued to fund healthcare benefits for retirees during Patriot's bankruptcy proceedings," said Peabody Energy Executive Vice President Law, Chief Legal [...]
ST. LOUIS, Oct. 3, 2013 /PRNewswire/ -- On Thursday, Oct. 17, 2013, Peabody Energy will announce the results for the quarter ended Sept. 30, 2013. A conference call with management is scheduled for 10 a.m. CDT on Thursday, Oct. 17, 2013. Participants may access the call using the following phone numbers: U.S. & Canada (800) 288-8968 ...
ST. LOUIS, Sept. 24, 2013 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that it completed a new secured credit facility, including an expanded five-year $1.65 billion revolver due in 2018 and a seven-year $1.2 billion term loan due in 2020. The new credit facility replaces the company's $1.5 billion revolver and $1.2 billion term [...]
ST. LOUIS, Sept. 23, 2013 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that the United Mine Workers of America (UMWA) had previously rejected an offer in settlement of all claims with the UMWA, payable over 15 years, which could also have been used to provide 3,100 Patriot Coal retirees with lifetime healthcare benefits comparable to [...]
ST. LOUIS, Sept. 20, 2013 /PRNewswire/ -- Peabody believes that the U.S. Environmental Protection Agency's (EPA's) proposed rule, if advanced, would cause consumers' power bills to skyrocket over time and cause more pain at the plug than Americans have experienced at the pump. Carbon capture and storage technology is simply not commercially [...]
ST. LOUIS, Sept. 17, 2013 /PRNewswire/ -- The United Mine Workers of America Local 1924 has ratified a new six-year agreement that is effective for represented employees at the Kayenta Mine in Arizona where approximately 98 percent of the hourly workforce is Native American. The agreement has provisions that will allow for efficiency improvements [...]