ST. LOUIS, July 3, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that Charles Meintjes has been named Acting President of the Peabody Americas business unit. Meintjes replaces Richard A. Navarre, who has retired for personal reasons after a 19-year successful career with Peabody. Navarre has been President of Peabody [...]
It has been a tough year for coal stocks as plummeting natural gas prices have seen demand for coal in the U.S. drop dramatically. Yet coal stocks have been on the upswing recently on strong foreign demand as Peabody Energy CEO Gregory Boyce recently stated that demand from China has seen strong growth in recent months. Five Star Equities examines [...]
ST. LOUIS, June 29, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced the lease of 721 million tons of ultra low sulfur coal reserves adjacent to its North Antelope Rochelle Mine in the Southern Powder River Basin of Wyoming. The company submitted a bid of $1.10 per mineable ton for control of the North Porcupine reserve area to [...]
NEW YORK, June 27, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) Chairman and Chief Executive Officer Gregory H. Boyce today said that the company is well positioned to navigate market challenges, capture opportunities and create value for shareholders in both the near term and long term. The discussion came at Peabody's 2012 Analyst [...]
The emergence of natural gas as a cheaper energy alternative in the U.S. has been a major problem for coal investors in 2012. Coal stocks may finally be on the upswing as foreign demand for coal remains strong. China has recently approved 23 billion in steel projects, and India's coal production is failing to meet their growing demand. The Paragon [...]
Coal demand has dropped drastically this year and as a result coal stocks have fallen sharply. A warm winter, stricter regulations, and an increasing number of power plant switching to natural gas from coal have all been contributing factors to coal's slide. Despite current conditions Sterne Agee analysts have recently published a note saying the [...]
ST. LOUIS, May 23, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that workers at its Wambo and Wilpinjong Mines in New South Wales have recently approved new labor agreements. Together, the new agreements cover more than two-thirds of the company's high-value thermal coal exports from Australia."These new agreements were [...]
ST. LOUIS, May 18, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced the lease of 402 million tons of ultra low sulfur coal reserves adjacent to its North Antelope Rochelle Mine (NARM) in the Southern Powder River Basin of Wyoming. The company submitted the successful bid of $1.11 per mineable ton for control of the South Porcupine [...]
The Paragon Report Provides Stock Research on Peabody Energy and Patriot CoalNEW YORK, NY -- (Marketwire) -- 05/10/12 -- President Barack Obama has continued to show strong support of energy development in the U.S., but recently failed to mention the coal industry in his State of the Union address or during a recent tour promoting his policies [...]
ST. LOUIS, May 1, 2012 /PRNewswire/ -- Peabody Energy
Chairman and Chief Executive Officer Gregory H. Boyce announced at the company's annual shareholders meeting that 2011 marked the best year in Peabody Energy's 129-year history. The company achieved its strongest safety performance and best financial results on record.
ST. LOUIS, May 1, 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 June 5, 2012, to holders of record on May 15, 2012.
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