he Coal Industry has been hit hard in 2012 as vast amounts of natural gas unlocked from shale deposits have made it a cheaper alternative to coal. Recent data released from the Energy Department has shown that the amount of gas used by power companies has risen 32 percent during the first half of the year, while coal usage has dropped 18 percent [...]
ST. LOUIS, Sept. 6, 2012 /PRNewswire/ -- Peabody Energy today confirmed that the sales process for Peabody's Wilkie Creek Mine in Queensland, Australia, remains under way and that discussions with interested parties continue. (Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO) SOURCE Peabody EnergyKirsty McDonald, +1-314-342-7562
ST. LOUIS, Sept. 5, 2012 /PRNewswire/ -- Peabody Energy today said it has ceased production at the Air Quality Mine in Vincennes, Ind., and will permanently close the mine based on soft market conditions that make operations uneconomic. (Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO) Worker Adjustment and Retraining Notification [...]
Shares of companies in the coal industry have lagged in the market in 2012. The Market Vectors-Coal ETF (KOL) has fallen over 30 percent this year. Five Star Equities examines the outlook for companies in the Coal Industry and provides equity research on Peabody Energy and Patriot Coal
ST. LOUIS, Aug. 27, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that it will expand its Leaders in Education program to Colorado, beginning in the 2012-13 school year. The program will cover Routt and Moffat counties, which support Peabody's Twentymile Mine near Steamboat Springs. The Leaders in Education program honors [...]
SUGAR LAND, TX -- (Marketwire) -- 08/21/12 -- The value of construction starts for the Metals & Minerals Industry in North America is on pace to match the record-breaking numbers of 2011. In 2012, the Metals & Minerals Industry is on pace to again kick off the construction on about $35 billion worth of activity, according to Industrial Info's [...]
ST. LOUIS, Aug. 7, 2012 /PRNewswire/ -- Peabody Energy has been honored with two U.S. Department of the Interior 2012 Excellence in Surface Coal Mining Reclamation Awards for protection of raptor populations in Wyoming and restoration of prime farmland in Illinois. To view the multimedia assets associated with this release, please click [...]
Coal stocks soared last Friday after Arch Coal Inc. posted a better-than-expected earnings report and a positive forecast for thermal coal demand in the U.S. The Market Vectors-Coal ETF (KOL) surged 4.03 percent. Five Star Equities examines the outlook for companies in the Coal Industry and provides equity research on Arch Coal and Peabody Energy
ST. LOUIS, July 24, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today reported second quarter 2012 revenues of $2.0 billion, leading to adjusted EBITDA of $453.4 million. Income from continuing operations totaled $215.3 million, with diluted earnings per share from continuing operations of $0.78 and adjusted diluted earnings per [...]
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 Aug. 21, 2012, to holders of record on July 31, 2012.Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The [...]
ST. LOUIS, July 17, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) and Kinder Morgan Energy Partners L.P. (NYSE: KMP) today announced long-term agreements to secure and expand the Gulf Coast export platform for Peabody's Colorado, Powder River Basin and Illinois Basin coal products. Under the multi-terminal agreements, Peabody would [...]
ST. LOUIS, Mo., July 11, 2012 /PRNewswire/ -- On Tuesday, July 24, 2012, Peabody Energy will announce the results for the quarter ended June 30, 2012. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, July 24. Participants may access the call using the following phone [...]