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 high-moisture inert gases in the mine to displace oxygen and reduce conditions for a [...]
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 restricted to access through exclusion zones while the work continues [...]
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 third-party experts toward a plan to extinguish the fire and contain the impacts [...]
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 involves the purchase of the mine, preparation plant and supporting assets, and [...]
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 outstanding and is being made under Peabody's $1 billion authorized repurchase [...]
Peabody today announced that, as of 5:00 p.m., New York City time, on August 10, 2018, the previously announced solicitations of consents to amend the indenture governing its 6.000% Senior Secured Notes due 2022 and 6.375% Senior Secured Notes due 2025 had expired. The Consent Solicitations were made in accordance with the terms and subject to the conditions set forth in a Consent Solicitation Statement dated July 30 [...]
Peabody today announced that, according to information provided by Ipreo LLC, as Information and Tabulation Agent, the Company has received the Requisite Consents in its previously announced solicitations of consents to amend the indenture governing its 6.000% Senior Secured Notes due 2022 and 6.375% Senior Secured Notes due 2025 . The Consent Solicitations are being made in accordance with the terms and subject to the [...]
ST. LOUIS, July 30, 2018 /PRNewswire/ -- Peabody today announced the commencement of solicitations of consents to amend the indenture governing its 6.000% Senior Secured Notes due 2022 and 6.375% Senior Secured Notes due 2025 . The Consent Solicitations are being made in accordance with the terms and subject to the conditions set forth in a Consent Solicitation Statement dated July 30, 2018 , to holders of record as of [...]
Robust margins from Australian platform drive continued strong earnings and cash flows; High level of repurchases brings July year-to-date cash returned to shareholders to over $425 million; Company liberates all remaining cash collateral supporting reclamation obligations; Peabody increases dividend to $0.125 per share. ST. LOUIS, July 24, 2018 /PRNewswire/ -- Peabody today announced its second quarter 2018 operating [...]
ST. LOUIS, July 19, 2018 /PRNewswire/ -- Peabody announced today that its board of directors has declared a quarterly dividend of $0.125 per share on the company's common stock, payable on Aug. 23, 2018 to shareholders of record on Aug. 2, 2018. Today's dividend announcement reflects an increase of nearly 10 percent over last quarter's dividend per share, in recognition of the company's strong ongoing cash flow [...]
ST. LOUIS, July 3, 2018 /PRNewswire/ -- On Tuesday, July 24, 2018, Peabody will announce results for the quarter ended June 30, 2018. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, July 24. 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 Canada 312-3049 [...]
ST. LOUIS, May 10, 2018 /PRNewswire/ -- Peabody announced today that its board of directors has declared a quarterly dividend of $0.115 per share on the company's common stock, payable on June 4, 2018 to shareholders of record on May 21, 2018. Peabody is the leading global pure-play coal company, serving power and steel customers in more than 25 countries on six continents. Peabody offers significant scale, high-quality [...]
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