ST. LOUIS, Oct. 20, 2011 /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. 25, 2011, to holders of record on Nov. 3, 2011.
Peabody Energy
is the world's largest private-sector coal company and a global leader in clean coal solutions. With 2010 sales of 246 million tons and nearly $7 billion in [...]
ST. LOUIS, Oct. 19, 2011 /PRNewswire/ -- Peabody Energy
today announced the company has earned two 2011 Illinois Best Injury Frequency Rate awards recognizing its Gateway Mine as the state's safest mid-sized operation and the mine's preparation plant as the state's safest support facility.
For the second consecutive year, the Illinois Department of Natural Resources Office of Mines and Minerals recognized the Gateway
ST. LOUIS, Oct. 18, 2011 /PRNewswire/ -- Peabody Energy
today earned the 2011 Director's Award from the U.S. Department of the Interior for outstanding achievement in land and habitat restoration at the company's former Big Sky Mine in Colstrip, Mont. Interior's highest honor, the Director's Award is presented each year to one coal producer for demonstrating the best environmental practices in the United States. The [...]
ST. LOUIS and LUXEMBOURG, Oct. 13, 2011 /PRNewswire/ -- Peabody Energy
and ArcelorMittal today announced they have received clearance from the Ministry of Commerce of the People's Republic of China (MOFCOM) to proceed with the A$16.00 per share cash offer for all outstanding shares of Macarthur Coal Ltd .
This means that all necessary regulatory conditions to the completion of PEAMCoal's offer have now been received.
'This action from MOFCOM now clears the way for us to complete this transaction in a timely manner,' said Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce. 'Our offer has been recommended by all the participating members of the Macarthur Board and is a substantial premium of 44 percent to the closing price on July 11, just before our proposal was made public.'
Aditya Mittal, CFO and Member of the Group Management Board at ArcelorMittal, said, 'It is now three months since we submitted our initial proposal for Macarthur. Our offer remains the only one before Macarthur shareholders, and we urge them to accept without delay or risk missing out on a substantial premium for their investment.'
PEAMCoal also announced that it has established an Institutional Acceptance Facility (IAF) to provide greater flexibility for institutional shareholders to accept the offer. The IAF will be operated by UBS. The IAF allows eligible institutional Macarthur investors that do not wish to accept the offer until it has become unconditional to indicate their intention to accept prior to the offer becoming unconditional.
PEAMCoal will also pay broker handling fees to brokers who initiate valid acceptances of the offer in respect of parcels of Macarthur shares held by Macarthur's retail shareholders, on the terms set out in the third supplementary bidder's statement.
There is no reason to delay acceptance. To maximise the chance of receiving A$16.00 cash for each Macarthur share they hold, Macarthur shareholders should accept the PEAMCoal offer as soon as possible to help ensure PEAMCoal obtains an interest in at least 50.01 per cent of Macarthur shares by 7:00pm (Brisbane time) on 28 October 2011.
PEAMCoal's offer is scheduled to close on 28 October 2011, unless extended. PEAMCoal currently has a relevant interest in Macarthur of approximately 22.78%.
All participating members of the Macarthur Board have recommended that Macarthur shareholders accept the PEAMCoal offer, in the absence of a superior proposal. The PEAMCoal offer values the equity in Macarthur at approximately A$4.8 billion.
Macarthur shareholders seeking further information regarding the offer should contact PEAMCoal's Offer Information Line on 1800 992 039 (for callers within Australia) or +61 2 8280 7692 (for callers outside Australia).
Peabody Energy Forward Looking Statement
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on numerous assumptions that the company believes are reasonable, but they are open to a wide range of uncertainties and business risks that may cause actual results to differ materially from expectations. These factors are difficult to accurately predict and may be beyond the company's control. The company does not undertake to update its forward-looking statements. Factors that could affect results include those described in this press release as well as risks detailed in the company's reports filed with the Securities and Exchange Commission.
ArcelorMittal Forward Looking Statement
This document contains forward-looking information and statements about ArcelorMittal and its subsidiaries. Forward-looking statements may be identified by the words 'will,' 'believe,' 'expect' or similar expressions. Although ArcelorMittal's management believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of ArcelorMittal's securities are cautioned that forward-looking information and statements are subject to numerous risks and uncertainties, many of which are difficult to predict and generally beyond the control of ArcelorMittal, that could cause actual results and developments to differ materially and adversely from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the filings with the Luxembourg Stock Market Authority for the Financial Markets (Commission de Surveillance du Secteur Financier) and the United States Securities and Exchange Commission (the 'SEC') made or to be made by ArcelorMittal, including ArcelorMittal's Annual Report on Form 20-F for the year ended 31 December, 2010 filed with the SEC. ArcelorMittal undertakes no obligation to publicly update its forward-looking statements, whether as a result of new information, future events or otherwise.
About Macarthur Coal
Macarthur Coal is a leading producer of low-volatile PCI metallurgical coal with production and development assets in the Bowen Basin, Australia, including the Coppabella and Moorvale Joint Venture, Middlemount and Codrilla. It holds total coal reserves of 270 million tonnes and total resources of approximately 2.3 billion tonnes.
About Peabody Energy
Peabody Energy is the world's largest private-sector coal company and a global leader in clean coal solutions. With 2010 sales of 246 million tons and nearly $7 billion in revenues, Peabody Energy fuels 10% of U.S. power and 2% of worldwide electricity. For more information about Peabody Energy visit: www.peabodyenergy.com. Contact: Vic Svec (+1 314 342-7768)
About ArcelorMittal
ArcelorMittal is the world's leading integrated steel and mining company, with operations in more than 60 countries. In 2010, ArcelorMittal had revenues of US$78 billion and crude steel production of 90.6 million tonnes, representing approximately 8% of world steel output. ArcelorMittal's mining operations produced 47 million tonnes of iron ore and 7 million tonnes of metallurgical coal as well in 2010. For more information about ArcelorMittal visit: www.arcelormittal.com. Contact: Giles Read (+44 20 3214 2845)
ST. LOUIS, Oct. 11, 2011 /PRNewswire/ -- On Tuesday, Oct. 25, 2011, Peabody Energy will announce the results for the quarter ended Sept. 30, 2011. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, Oct. 25.
Participants may access the call using the following phone numbers:
U.S. & Canada (800) 230-1085 International (612) 234-9960
ST. LOUIS, Sept. 27, 2011 /PRNewswire/ -- Peabody Energy
today announced it has opened an office in Essen, Germany, further expanding the Peabody COALTRADE platform in the most liquid of global coal markets.
'Germany is a European commodities hub, and the Essen office further strengthens our access to growing markets for seaborne coal on the Continent,' said Richard A. Navarre, Peabody Energy President and Chief
ST. LOUIS, Sept. 21, 2011 /PRNewswire/ -- Mongolia's Ministry of Nature, Environment and Tourism has honored Peabody Energy's Senior Manager of International Reclamation Vern Pfannenstiel as a 'Distinguished Environmentalist' for his leadership to establish best scientific practices in land restoration to protect Mongolia's environment.
The award is a credit to Pfannenstiel's work directing Mongolia's first coal mine
ST. LOUIS, Sept. 1, 2011 /PRNewswire/ -- Peabody Energy
announced today that it expects production at its North Goonyella Mine in Queensland to resume in four to six weeks, following a mid-August roof fall at the mine.
The company estimates a third quarter 2011 EBITDA impact of up to $125 million with full-year effects of up to $175 million. North Goonyella typically produces 200,000 to 250,000 tons per month of high
ST. LOUIS and LUXEMBOURG, Aug. 29, 2011 /PRNewswire/ -- Peabody Energy
and ArcelorMittal today announced that PEAMCoal has agreed to terms with the Macarthur board for a cash takeover of all outstanding shares of Macarthur Coal for A$16.00(1) per share, valuing the equity in Macarthur at approximately A$4.8 billion. All participating members of the Macarthur Board recommend that Macarthur shareholders accept the new [...]
Award honors inspiring educators in four states, offering grants and recognition to dozens of teachers, administrators and other school personnel
ST. LOUIS, Aug. 17, 2011 /PRNewswire/ -- Peabody Energy will introduce its Leaders in Education program to the communities around several of the company's U.S. operations, including Illinois, Indiana and Wyoming. The Leaders program was developed in Missouri in 2009, in partnership with Logos School, and reflects Peabody's commitment to make a positive impact in the communities where the company's employees live and work by honoring those who inspire students to succeed.
The 2010-2011 Leaders in Education will be honored on Aug. 30 at the Hilton St. Louis at the Ballpark, where the Educator of the Year will be named.
The 2011-2012 program began accepting nominations August 1 from members of the community and will recognize leaders who are strengthening education for the next generation.
'Education lasts a lifetime and is an essential means to build strong, safe and healthy communities,' says Peabody's Vic Svec, Senior Vice President, Investor Relations and Corporate Communications. 'We believe sustainable energy solutions power economic prosperity and improve quality of life. Similarly, education holds profound potential for an improved future for the next generation.'
The award program is open to educational professionals of public and private schools in designated communities where Peabody Energy employees live and work. Winners are selected from a diverse group of educators. They can range from veteran teachers to individuals in support staff roles such as administrators, coaches or counselors. Nominations may be made at PeabodyEnergyLeadersInEducation.org. A committee of academic, business and civic leaders will select winners throughout the school year. Each will receive a $1,000 grant and be considered for a final Educator of the Year honor, and a $5,000 award.
About Peabody Energy
Peabody Energy
is the world's largest private-sector coal company and a global leader in clean coal solutions. With 2010 sales of 246 million tons and nearly $7 billion in revenues, Peabody fuels 10 percent of U.S. power and 2 percent of worldwide electricity. Peabody Energy's mission as a community partner is to improve lives through strategic social investments that empower communities, educate the next generation, reclaim, conserve and beautify the environment, and engage our employees to give back.
ST. LOUIS, Aug. 12, 2011 /PRNewswire/ -- Peabody Energy announced today it has named Gerry Brophy Chief Project Officer - Australia and Keith Downham Vice President of Resource Development - Indonesia to advance the company's growth and business goals. Ian Livingstone-Blevins also was named General Manager at the Wilpinjong Mine in New South Wales, Australia.
-- Gerry Brophy will direct and manage Peabody's Australian
ST. LOUIS, Aug. 10, 2011 /PRNewswire/ -- Peabody Energy
today announced a new licensing agreement with Yanzhou Coal Mining Company for the installation of its Longwall Top Coal Caving (LTCC) technology to enhance recovery of metallurgical coal at Peabody's North Goonyella Mine in the Bowen Basin, Queensland, Australia. Yanzhou is a subsidiary of Yankuang Group Co. Ltd.
Peabody estimates the new technology will allow the
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