ST. LOUIS, Sept. 7, 2016 /PRNewswire/ -- The New Mexico Bureau of Mine Safety and New Mexico Mining Association today presented Peabody's El Segundo Mine with the Safe Operator of the Year Award. El Segundo, which has operated more than one year without any reportable mine or contractor injury, achieved the state's best surface mine safety record in the 2015-2016 period running from July through June. The operations [...]
ST. LOUIS, Aug. 31, 2016 /PRNewswire/ -- Peabody Energy today said its Wambo Underground Mines Rescue Team (MRT) earned first place in the First Aid competition at the 10th International Mines Rescue Competition held in Sudbury, Canada this past week. The Wambo Underground MRT was among 27 teams from 13 nations that gathered to compete in four days of events to test emergency preparedness skills and train through [...]
ST. LOUIS, Aug. 31, 2016 /PRNewswire/ -- Peabody Energy today said its Wambo Underground Mines Rescue Team (MRT) earned first place in the First Aid competition at the 10th International Mines Rescue Competition held in Sudbury, Canada this past week. The Wambo Underground MRT was among 27 teams from 13 nations that gathered to compete in four days of events to test emergency preparedness skills and train through [...]
ST. LOUIS, Aug. 22, 2016 /PRNewswire/ -- Peabody Energy announced today it has reached agreement with the Illinois State Department of Natural Resources regarding financial assurances in support of coal mine restoration. The company has reached a superpriority settlement agreement with Illinois, a state in which Peabody has self-bonding obligations. The agreement follows agreements with Wyoming, New Mexico and Indiana [...]
ST. LOUIS, Aug. 10, 2016 /PRNewswire/ -- Peabody Energy announced today that it has received approval of its business plan by the company's debtor-in-possession (DIP) financing lenders. The business plan forms the foundation for the plan of reorganization that the company expects to submit before the end of the year. Both the business plan and the plan of reorganization are essential milestones toward Peabody's successful [...]
ST. LOUIS, July 26, 2016 /PRNewswire/ -- Peabody Energy announced today it reached agreements with three state regulatory agencies regarding financial assurances in support of coal mine restoration. Superpriority settlement agreements have been reached with Wyoming, New Mexico and Indiana, states in which Peabody has self-bonding obligations. These agreements, which are subject to bankruptcy court approval, would [...]
ST. LOUIS, May 19, 2016 /PRNewswire/ -- Peabody Energy announced today that it has completed the sale of its 5.06 percent participation interest in the Prairie State Energy Campus to the Wabash Valley Power Association for $57 million, subject to certain customary post-closing adjustments. Peabody expects to use the transaction proceeds for general corporate purposes. Peabody previously announced the sale in January [...]
ST. LOUIS, May 17, 2016 /PRNewswire/ -- Peabody Energy Corp. today announced that the company has received final approval from the U.S. Bankruptcy Court for the Eastern District of Missouri for its $800 million Debtor-in-Possession (DIP) financing facility. The approval, granted following a hearing before Judge Barry S. Schermer, provides Peabody with access to capital to ensure the company can continue operating its [...]
ST. LOUIS, May 9, 2016 /PRNewswire/ -- Peabody Energy today announced that several of its Australian subsidiaries have entered into sale and purchase agreements with Australia-based Pembroke Resources, a portfolio company of leading energy and resources-focused global private equity firm Denham Capital, to sell its interest in undeveloped metallurgical reserve tenements in Queensland's Bowen Basin for A$104 million in [...]
- Court approves $800 million of Debtor-in-Possession financing facilities on interim basis, with $200 million of $500 million term loan immediately available to Company - Approval includes uninterrupted payment to employees - Peabody to continue payments for goods and services purchased post-petition ST. LOUIS, April 14, 2016 /PRNewswire/ -- Peabody Energy Corp. (OTC: BTUUQ) today announced that first-day motions to [...]
- Peabody Energy Corp. and majority of U.S. entities file for voluntary Chapter 11 protection - Operations expected to continue in ordinary course of business; Australian platform not part of filing - Action targeted toward significant debt reduction and improvement in fixed charges - Comprehensive approach intended to reposition company for long term success - Secured/unsecured lender group led by Citigroup to provide [...]
ST. LOUIS, March 31, 2016 /PRNewswire/ -- As a result of market conditions, Peabody Energy (NYSE:BTU) has made the difficult decision to reduce approximately 235 hourly and salaried employees from its North Antelope Rochelle Mine in the Powder River Basin to align the workforce with customer needs. "While our asset position and contracting strategies give us relative strength, we are taking these actions to match [...]
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