Peabody Energy Reaches Agreement With States On Financial Assurances In Support Of Coal Mine Restoration Activities 2016-07-26
ST. LOUIS, July 26, 2016 /PRNewswire/ -- Peabody Energy announced today it reached agreements with three state regulatory agencies regarding financial assurances in support of coal mine restoration. Superpriority settlement agreements have been reached with...
Peabody sells undeveloped Bowen basin coal tenements to Pembroke 2016-05-11US coal major Peabody Energy has announced plans to divest of its interest in several undeveloped metallurgical coal tenements in Queensland’s Bowen basin. The energy major said this week that several of its Australian subsidiaries have entered into a sales and purchase agreement with Australia’s Pembroke Resources in a deal valued at A$104-million.
Peabody Energy Australia Enters Into Agreements With Pembroke Resources To Sell Undeveloped Tenements In Queensland 2016-05-09
ST. LOUIS, May 9, 2016 /PRNewswire/ -- Peabody Energy today announced that several of its Australian subsidiaries have entered into sale and purchase agreements with Australia-based Pembroke Resources, a portfolio company of leading energy and resources-focused global private equity firm...
Coal major Peabody files for bankruptcy protection 2016-04-13Fortune 500 coal company Peabody Energy has filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest North American coal casualty amid a sustained industry downturn. NYSE-listed Peabody, the world’s largest private-sector coal company producing metallurgical and thermal coal for customers in 25 countries on six continents, had voluntarily filed petitions under Chapter 11 for the majority of its US entities in the US Bankruptcy Court for the Eastern District of Missouri.
Waning coal demand could force Peabody Energy to file for bankruptcy 2016-03-16Peabody Energy, the world’s largest coal company, on Wednesday advised markets that it might be forced to file for bankruptcy as falling global demand for the fossil fuel affected its ability to service its substantial debt load. In a filing with the Securities Exchange Commission, NYSE-listed Peabody blamed continued uncertainty around global coal fundamentals, the stagnated economic growth of certain significant coal-importing nations, and the potential for significant added regulatory requirements imposed on coal producers, among other matters, for creating substantial doubt whether it would be able to continue as a going concern.
General 2015-05-10The Burton coal mine in Queensland is an open pit operation that began life in January 1996 with the Burton open pit that was mined out in June 2005. Two other pits, the Wallanbah and Broadmeadow were completed in 2009. Two more open pits, Plumtree South and Bullock Creek, began production in 2010, are still operational. The open pits at the Burton Mine are mined as satellite operations from the central mine processing plant to which the coal is transported by road. Throughout its operational life the Burton Mine has maintained a coal production level of between 3.5 and 5.7 million tonnes a year. The Burton coal mining operation produces thermal and hard coking coal that is purchased by customers in South America, India, Europe and Asia.