After a dismal 2012, the Coal Industry looks to be on the upswing as a recent report from the International Energy Agency predicts global coal demand over the next five years to grow at an average of 2.6 percent a year. The Market Vectors-Coal ETF (KOL) has gained nearly 7 percent over the last month. The Paragon Report examines investing opportunities in the Coal Industry and provides equity research on Alpha Natural [...]
ST. LOUIS, Dec. 14, 2012 /PRNewswire/ -- Peabody Energy today provided comments on factors affecting first quarter and selected full year 2013 targets, following initial first quarter seaborne metallurgical coal pricing settlements.Compared with average quarterly year-to-date 2012 levels, first quarter 2013 results are expected to be impacted by: An increase in Australian unit costs of approximately 10 percent. [...]
The coal mining industry has experienced major struggles in 2012 as warm temperatures and the emergence of natural gas as a cheaper alternative have caused demand for the commodity to plummet. The Market Vectors-Coal ETF (KOL) has fallen 25 percent year-to-date. The Paragon Report examines investing opportunities in the Coal Industry and provides equity research on Peabody Energy and Walter Energy
ST. LOUIS, Dec. 3, 2012 /PRNewswire/ -- In recognition of his three decades of outstanding leadership in the global mining sector and plan to eradicate energy poverty, Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce has been inducted into the Mining Foundation of the Southwest's American Mining Hall of Fame. Boyce accepted the honor at the Foundation's 30th annual awards presentation [...]
ST. LOUIS, Nov. 30, 2012 /PRNewswire/ -- An international panel has recognized Peabody Energy (NYSE: BTU) with a Global Energy Commodity Excellence Award for leading the global coal sector in performance and stewardship. The honor was presented at the 14th Annual Global Energy Awards Ceremony in New York City. The Commodity Excellence Award recognizes Peabody for industry-leading safety, operational [...]
ST. LOUIS, Nov. 27, 2012 /PRNewswire/ -- Big Ridge, Inc. today announced it will permanently close the Willow Lake Mine near Harrisburg, Ill. The mine has failed to meet acceptable standards for safety, compliance and operating performance, and these ongoing issues make the operations unsustainable. (Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO) Worker Adjustment and Retraining [...]
ST. LOUIS, Nov. 19, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that the company has voluntarily prepaid $75 million of term-loan borrowings, bringing year to date debt repayments to more than $380 million.(Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO)The company also has amended its 2010 credit facility and 2011 term loan facility to increase financial flexibility by temporarily [...]
ST. LOUIS, Nov. 17, 2012 /PRNewswire/ -- Chad Wayne Meyers, a 30-year-old employee at the Willow Lake Mine in Southeast Illinois, was fatally injured early this morning after he became pinned by a continuous mining machine that he was operating. The underground mine has been idled pending investigation and appropriate officials with the state, federal government and union have been contacted. Willow Lake [...]
Coal stocks across the board fell sharply last week as Obama's re-election increased speculation that more regulations may be on the way for the already struggling industry. Both the Market Vectors Coal ETF (KOL) and the PowerShares Global Coal ETF (PKOL) both fell over 5 percent last week. The Paragon Report examines investing opportunities in the Coal Industry and provides equity research on Alpha Natural Resources and [...]
The Paragon Report Provides Stock Research on Peabody Energy and Patriot CoalNEW YORK, NY -- (Marketwire) -- 10/30/12 -- Coal stocks have struggled in 2012 as abundant supplies and historically low prices have made natural gas a cheaper alternative for utilities. Natural gas futures in April plummeted to a 10 year low of $1.91 per thousand cubic feet. The Market Vectors-Coal ETF (KOL) -- which seeks to replicate the [...]
MELBOURNE, Australia, Oct. 25, 2012 /PRNewswire/ -- Peabody Energy Chairman and CEO Gregory H. Boyce today called for the establishment of a National Commission on Minerals Sector Export Competitiveness to ensure Australia's resource sector policies serve the long-term national interest. (Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO) During a presentation to business leaders, public officials [...]
ST. LOUIS, Oct. 23, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) Chairman and Chief Executive Officer Gregory H. Boyce today announced leadership changes within the business units to further strengthen Peabody's global operating platform. The company has named Eric Ford as Chairman of Peabody's Australia Business Unit, Charles F. Meintjes as President – Australia and Kemal Williamson as President [...]
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