ST. LOUIS, Nov. 27, 2012 /PRNewswire/ -- Big Ridge, Inc. today announced it will permanently close the Willow Lake Mine near Harrisburg, Ill. The mine has failed to meet acceptable standards for safety, compliance and operating performance, and these ongoing issues make the operations unsustainable. (Logo [...]
ST. LOUIS, Nov. 19, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that the company has voluntarily prepaid $75 million of term-loan borrowings, bringing year to date debt repayments to more than $380 million.(Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO)The company also has amended its 2010 credit facility and 2011 [...]
ST. LOUIS, Nov. 17, 2012 /PRNewswire/ -- Chad Wayne Meyers, a 30-year-old employee at the Willow Lake Mine in Southeast Illinois, was fatally injured early this morning after he became pinned by a continuous mining machine that he was operating. The underground mine has been idled pending investigation and appropriate officials with the [...]
Coal stocks across the board fell sharply last week as Obama's re-election increased speculation that more regulations may be on the way for the already struggling industry. Both the Market Vectors Coal ETF (KOL) and the PowerShares Global Coal ETF (PKOL) both fell over 5 percent last week. The Paragon Report examines investing opportunities in the [...]
The Paragon Report Provides Stock Research on Peabody Energy and Patriot CoalNEW YORK, NY -- (Marketwire) -- 10/30/12 -- Coal stocks have struggled in 2012 as abundant supplies and historically low prices have made natural gas a cheaper alternative for utilities. Natural gas futures in April plummeted to a 10 year low of $1.91 per thousand cubic [...]
MELBOURNE, Australia, Oct. 25, 2012 /PRNewswire/ -- Peabody Energy Chairman and CEO Gregory H. Boyce today called for the establishment of a National Commission on Minerals Sector Export Competitiveness to ensure Australia's resource sector policies serve the long-term national interest. (Logo [...]
ST. LOUIS, Oct. 23, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) Chairman and Chief Executive Officer Gregory H. Boyce today announced leadership changes within the business units to further strengthen Peabody's global operating platform. The company has named Eric Ford as Chairman of Peabody's Australia Business Unit, Charles F [...]
ST. LOUIS, Oct. 22, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today reported third quarter 2012 revenues of $2.06 billion, leading to Adjusted EBITDA of $459.9 million. Income from continuing operations totaled $122.9 million, with diluted earnings per share from continuing operations of $0.46 and Adjusted Diluted EPS of $0.51. "The [...]
ST. LOUIS, Oct. 18, 2012 /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. 23, 2012, to holders of record on Nov. 1, 2012.(Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO)Peabody Energy is the world's [...]
ST. LOUIS, Oct. 17, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that it has extended its offers to exchange up to $1,518,821,000 aggregate principal amount of its 6.00% Senior Notes due 2018 and the guarantees thereof and $1,339,644,000 aggregate principal amount of its 6.25% Senior Notes due 2021 and the guarantees thereof [...]
Coal stocks surged last Friday on speculation that steel demand was on the rise. Rising rebar prices in China have boosted prices for iron ore and analysts have speculated that metallurgical coal, used to make steel, may also soon be on the rise. Five Star Equities examines the outlook for companies in the Coal Industry and provides equity research [...]
ST. LOUIS, Oct. 9, 2012 /PRNewswire/ -- On Monday, Oct. 22, 2012, Peabody Energy will announce the results for the quarter ended Sept. 30, 2012. A conference call with management is scheduled for 10 a.m. CDT on Monday, Oct. 22.(Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO )Participants may access the call using the [...]