Peabody Energy Corp.

ST. LOUIS, Dec. 19, 2013 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that full year 2013 Adjusted EBITDA is expected to be approximately $60 million to $80 million lower than original targets due to delays in final commissioning of the new longwall top coal caving system at the North Goonyella Mine, along with the impact of the now-resolved labor action at the Metropolitan Mine.  While both issues were [...]

ST. LOUIS, Dec. 18, 2013 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today affirmed that the U.S. Bankruptcy Court for the Eastern District of Missouri has entered an order confirming Patriot Coal's plan of reorganization, and Patriot Coal has announced the successful completion of exit financing and rights offerings allowing the company to emerge from Chapter 11 reorganization. These steps result in the previously [...]

ST. LOUIS, Dec. 18, 2013 /PRNewswire/ -- Peabody Energy (NYSE: BTU) and China's Shenhua Group today announced they have entered into an agreement to create Sino-Pacific Coal Trading Corporation Pte. Ltd., a Singapore-based joint-venture company that will supply Shenhua's growing coal import demand with thermal coal from Peabody's global production and coal trading platform.  Peabody Energy President – Asia and Trading [...]

ST. LOUIS, Dec. 9, 2013 /PRNewswire/ -- Peabody Energy today announced that it will cease production at the Wilkie Creek Mine in Queensland's Surat Basin and close the mine by the end of 2013.  Approximately 200 employees and contractors at the mine have been notified of the closure.  "We have completed our strategic review of the Wilkie Creek Mine, and we have begun the process of winding down operations," said Peabody [...]

ST. LOUIS, Nov. 27, 2013 /PRNewswire/ -- Peabody Energy's 8 million pound dragline completed a historic journey from the company's Lee Ranch Mine northwest of Grants, New Mexico, more than 20 miles to its new home at the El Segundo Mine. One of the world's most massive machines, the 1570-W dragline crossed the high desert, carried by a specialized 600-wheel vehicle. NASA uses a similar transportation method to haul space [...]

ST. LOUIS, Nov. 11, 2013 /PRNewswire/ -- In honor of his outstanding career achievements and enduring dedication to the University of Arizona's College of Engineering and its Department of Mining and Geological Engineering, Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce has been recognized as a 2013 University of Arizona Alumnus of the Year.  Boyce accepted the honor from the University of Arizona [...]

ST. LOUIS, Nov. 5, 2013 /PRNewswire/ -- Peabody Energy today announced that Eric Ford, Executive Vice President – Office of the Chief Executive Officer, plans to retire effective Jan. 31, 2014, following a successful career of more than 40 years in the global mining sector. "We are thankful for Eric's many contributions to Peabody's success, including his leadership of operations on three continents and his recent [...]

ST. LOUIS, Oct. 24, 2013 /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. 29, 2013, to holders of record on Nov. 7, 2013. Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal [...]

- Third quarter revenues of $1.80 billion lead to Adjusted EBITDA of $312 million - Diluted Earnings Per Share from Continuing Operations totals $0.06 with Adjusted Diluted Earnings Per Share of $0.05 - Successful cost containment results in lowest U.S. unit costs in three years; Australia unit costs improve 18 percent since early 2012 - New $2.85 billion credit facility increases financial flexibility - Improving global [...]

Peabody Energy today announced that it has reached an agreement with Patriot Coal and the United Mine Workers of America (UMWA) to resolve all issues related to Patriot's bankruptcy. "Peabody has continued to fund healthcare benefits for retirees during Patriot's bankruptcy proceedings," said Peabody Energy Executive Vice President Law, Chief Legal Officer and Secretary Alexander C. Schoch.  "We are pleased to resolve the [...]