Peabody Energy today announced several changes in its organizational structure, effective April 1. Andrew P. Slentz has been promoted to the role of Executive Vice President and Chief Human Resources Officer, reporting to Chairman and Chief Executive Officer Gregory H. Boyce. Slentz replaces Executive Vice President and Chief Administrative Officer Sharon D. Fiehler, who has been named Executive Vice President – Office [...]
Calling global energy poverty the world's number one human and environmental crisis, Peabody Energy (NYSE:BTU) today launched a comprehensive global campaign aimed at building awareness and support to eliminate energy poverty, increase access to low-cost electricity and improve emissions through advanced clean coal technologies. The "Advanced Energy for Life" campaign will work to educate and mobilize world leaders [...]
- Peabody achieves record 2013 safety results and $340 million of cost savings - Operating cash flow exceeds $700 million with debt reduction of more than $200 million - 2013 revenues of $7.01 billion lead to Adjusted EBITDA of $1.05 billion - Diluted Loss Per Share from Continuing Operations totals $(1.12) with Adjusted Diluted Earnings Per Share of $0.34 - U.S. coal market share increases to more than 40% of electricity [...]
Following U.S. President Obama's State of the Union address, Peabody Energy (NYSE: BTU) urges the Administration to adopt energy policies that help families and businesses by capitalizing on greater use of coal, America's true all-of-the-above energy advantage. Coal is the nation's lowest cost and most abundant energy resource. This past year, coal generation rebounded 5 percent due to its lower costs, while gas [...]
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 Feb. 27, 2014, to holders of record on Feb. 6, 2014. 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 coal customers in more than 25 countries [...]
ST. LOUIS, Jan. 22, 2014 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that Michael W. Sutherlin has been appointed as a member of the company's Board of Directors. Until December 2013, Sutherlin served as President and Chief Executive Officer of Joy Global Inc., a worldwide leader in mining equipment and services for surface and underground mining. "Mr. Sutherlin brings to the Peabody board decades of [...]
On Thursday, Jan. 30, 2014, Peabody Energy will announce the results for the year ended Dec. 31, 2013. A conference call with management is scheduled for 10 a.m. CST on Thursday, Jan. 30, 2014. Participants may access the call using the following phone numbers:
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 [...]
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