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Peabody Energy

Peabody Energy’s Q2 revenue, loss beat Wall Street expectations

A surprise improvement in coal miner Peabody Energy’s revenue for the three months ended June helped it post a loss a share on Tuesday that beat the average estimate of 22 Wall Street analysts. The NYSE-listed miner, with operations in the US...
22nd July 2014

Peabody Energy widens Q1 loss as weak coal prices persist

US coal producer Peabody Energy on Thursday reported disappointing first-quarter earnings as weak coal prices persisted, translating into a wider-than-expected loss. For the three months ended March 31, St Louis, Missouri-based Peabody more than...
24th April 2014
Mine Profile

North Antelope Rochelle mine, US

A coal mine located 105 km south-east of Gillette, in Wyoming, in the US
11th April 2014

Alpha Natural widens Q4 loss, sees potential thermal coal upside

Coal producer Alpha Natural Resources on Wednesday said it had significantly widened its loss for the three months ended December 31, as lower coal shipments, a large tax charge and a loss on early debt extinguishment impacted on the Bristol,...
12th February 2014

Wesfarmers buys Peabody coal licence to extend Curragh operations

ASX-listed Wesfarmers has signed a A$70-million deal with Peabody Energy to acquire a mineral licence adjacent to its Curragh and Curragh North mines, in Queensland. The mining lease is estimated to contain 67-million tonnes of coal reserve...
20th January 2014

Patriot Coal emerges a well-capitalised private firm after Chapter 11 recast

Eastern US-focused coal producer Patriot Coal on Wednesday announced that it had emerged from an 18-month long Chapter 11 reorganisation as a well-capitalised private company, with a competitive cost structure and a streamlined operating profile....
19th December 2013

Alpha Natural widens Q3 loss, beats expectations

Despite widening its third-quarter loss, US coal miner Alpha Natural Resources has beaten Wall Street analysts’ earnings expectations for the three months ended September 30, which was in part the result of lower costs. The NYSE-listed thermal...
31st October 2013

Summit will address coal conversion potential in India

The World CTX 2013 Summit, which will be held in Mumbai and Jamnagar in India, from December 2 to 4, will feature a practise-based programme on coal and petroleum coke (petcoke) projects worldwide and in India, feedback from commercial coal...
25th October 2013

Cost savings see Peabody Energy report adjusted profit

The world’s largest private-sector coal miner, Peabody Energy, on Thursday reported an adjusted third-quarter profit, after aggressive cost-cutting measures had resulted in significant savings in the face of weak commodity prices, boosted by...
17th October 2013
Mining Services

New piping system includes range of ball valves

Developer and manufacturer of mechanical pipe joining systems Victaulic introduced the Vic-Press system, which includes a range of valve and piping solutions, to the South African market in May. Victaulic regional manager Barry van Jaarsveld tells...
9th August 2013

Peabody cuts 450 coal jobs in Oz

US-based Peabody Energy has confirmed that it would reduce contractor numbers at its Queensland and New South Wales coal mines by some 450. A spokesperson for the miner told Mining Weekly Online that the reductions were a response to current...
27th June 2013

Bankrupt Patriot Coal allowed to scrap collective bargaining agreements – court

Bankrupt Patriot Coal is allowed to scrap collective bargaining agreements, stop pension contributions and convert retiree healthcare to an outside fund as part of its reorganisation efforts, the Bankruptcy Court in St Louis ruled on Wednesday....
30th May 2013
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