Peabody today highlighted best-in-class clean coal technologies with the company's Fifth Annual Peabody Global Clean Coal Leadership Awards. The awards were presented at POWER-GEN International in Orlando, Fla., and recognized outstanding examples of leadership and innovation among coal-fueled generating plants and projects, with honorees [...]
Peabody announced today that it has completed its purchase of the Shoal Creek seaborne metallurgical coal mine from private coal producer Drummond Company, Inc. for $387 million, reflecting customary purchase price adjustments. The acquisition includes the well-capitalized mine, preparation plant and logistical assets and excludes legacy [...]
Third quarter performance reflects underlying strength of global platform amid events at North Goonyella Mine; Operating results led by Australian thermal segment; Largest quarter of share repurchases brings current buyback program to $875 million; Buybacks reaffirmed and authorization expanded to $1.5 billion; Shoal Creek acquisition to add 2 [...]
Peabody announced today that its board of directors has declared a quarterly dividend of $0.13 per share on the company's common stock, payable on Nov. 21, 2018 to shareholders of record on Oct. 31, 2018. Given the company's share repurchases, today's dividend announcement reflects an increase of nearly 4 percent over last quarter's dividend per [...]
Peabody today provided another periodic update on progress to contain impacts of the previously reported fire at the North Goonyella Mine in Queensland. Details of the current status include: Safety: The company's first priority is safety as the team continues actions to address this complex situation through a deliberate, staged process. Plans [...]
On Tuesday, Oct. 30, 2018, Peabody will announce results for the quarter ended Sept. 30, 2018. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, Oct. 30. The call, replay and other investor data will be available at PeabodyEnergy.com. Participants may also access the call using the following phone numbers: U.S. and [...]
While we don't generally comment as a matter of policy on rumors regarding the purchase or sale of assets, our sole focus is on the current platform, the incident at North Goonyella in Australia, and completing and integrating the Shoal Creek Mine acquisition in Alabama. Corporate Media: Charlene Murdock 1.314.342.7526 Cautionary Statements [...]
Initial steps taken in early days to extinguish the fire and contain impacts at Peabody's North Goonyella Mine have yielded visible results, with only a slight amount of what appears to be either steam or white smoke emanating at this time from only the one mine shaft. The mobile GAG unit has continued to run, increasing the amount of [...]
Peabody today said it has developed a multi-tiered plan in an effort to extinguish the fire and contain the impacts at its North Goonyella Mine in Queensland. The plan was reviewed by the Queensland Mine Inspectorate and is undergoing implementation at this time. Safety is Peabody's first priority, and the underground mine and surface areas remain [...]
Peabody is providing an update on its report on conditions at its North Goonyella Mine in Queensland following indications of a fire in a portion of the mine. All employees were outside the exclusionary zone at the time of the incident. The company continues to actively work in conjunction with the Queensland Mines Inspectorate and other [...]
Peabody announced today that it has signed a definitive agreement to purchase the Shoal Creek metallurgical coal mine from private coal producer Drummond Company, Inc. for $400 million. Shoal Creek is located on the Black Warrior River in Central Alabama and serves Asian and European steel mills with high-vol A coking coal. The transaction [...]
Peabody today announced that it has signed a definitive agreement to repurchase $300 million of Peabody common stock directly from entities advised by Elliott Management at a price of $41.82 per share, representing a 1.7 percent discount from the closing price on Aug. 13, 2018. The repurchase represents 5.9 percent of the company's shares [...]
