ST. LOUIS, July 17, 2014 /CNW/ -- Peabody Energy (NYSE:BTU) today praised the action of Australia's Parliament and Prime Minister in repealing the carbon tax, which has hurt consumers via high electricity costs and damaged the economy. "The Australia Government's reversal of the carbon tax is a lesson in leadership for the modern world," said Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce. "We [...]
ST. LOUIS, July 8, 2014 /PRNewswire/ -- On Tuesday, July 22, 2014, Peabody Energy will announce the results for the quarter ended June 30, 2014. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, July 22. Participants may access the call using the following phone numbers: U.S. & Canada (800) 230-1093 International ...
Peabody Energy today announced the successful conclusion of its previously announced solicitation of consents from holders of its 4.75% Convertible Junior Subordinated Debentures due 2066. The purpose of the consent solicitation was to amend the indenture related to the convertible debentures by eliminating provisions relating to mandatory and optional deferral of interest on the convertible debentures. These amendments [...]
Peabody Energy today announced that it has extended until 5:00 p.m., New York City time, on June 25, 2014, its solicitation of consents from holders of its 4.75% Convertible Junior Subordinated Debentures due 2066 to amend the related indenture. Consents with respect to the convertible debentures may be revoked at any time prior to the earlier of (i) the New Expiration Time and (ii) the time at which the requisite [...]
Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce today called for an all-in energy plan with greater use of coal to secure a long-term supply of low-cost electricity that is vital to a high-growth economic and industrial base. "Affordable energy – largely fueled by advanced coal – will help reindustrialize North America's economy as we work to make the air cleaner every day," Boyce said today in New [...]
Peabody Energy today announced that it has extended until 5:00 p.m., New York City time, on June 17, 2014 (such date and time, the "New Expiration Time"), its solicitation of consents from holders of its 4.75% Convertible Junior Subordinated Debentures due 2066 (the "convertible debentures") to amend the related indenture. This announcement has no effect on Peabody Energy's intent to pay the scheduled interest payment on [...]
We believe that everyone deserves access to low-cost electricity, and everyone wants the air to be a bit cleaner every day. Advanced coal-fueled electricity is essential to these twin goals. It's no surprise that coal's market share of U.S. generation has expanded greatly in the past two years, given its role as the most reliable and affordable baseload fuel. During the bitter-cold winter months, coal provided a stunning [...]
Chairman and Chief Executive Officer Gregory H. Boyce was recognized by the World Coal Association (WCA) for global leadership in mining safety. Boyce was honored with the WCA Chairman's Special Award, presented Monday at the World Coal Association board of directors meeting in Canberra, Australia. The honor is a special designation from Dr. Zhang Xiwu, Chairman – World Coal Association and Chairman of Shenhua Group [...]
Peabody Energy today announced that it has begun to solicit consents from holders of its 4.75% Convertible Junior Subordinated Debentures due 2066 to amend the related indenture. Details regarding the proposed amendments are contained in a Current Report on Form 8-K filed today with the SEC. To adopt the proposed amendments, Peabody must obtain consents from holders of a majority in aggregate principal amount of the [...]
Peabody Energy (NYSE: BTU) today announced that it has entered into a sale and purchase agreement with Singapore-based Bentley Resources to sell its Wilkie Creek Mine in Queensland's Surat Basin for approximately US$70 million in cash and the assumption of rail/port obligations and other liabilities, with closing subject to certain conditions. Wilkie Creek has been closed since December 2013. Peabody Energy is the world's [...]
Peabody Energy announced today that it has extended the term of employment for Chairman and Chief Executive Officer Gregory H. Boyce by six months as the next phase in the company's executive succession planning process. According to Lead Independent Director Robert A. Malone, "We are pleased to put into place this next phase of what we believe to be a model succession process. We appreciate the ongoing veteran [...]
Chairman and Chief Executive Officer Gregory H. Boyce today cited a number of 2013 accomplishments and discussed broad market conditions at the company's annual shareholder's meeting. "2013 was a year of substantial achievement despite market headwinds," Boyce said. "We matched our record safety performance from 2012, increased productivity, reduced costs, lowered capital investments, generated solid cash flow and repaid [...]
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