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With about an hour and half to go before the markets close today, coals stocks are getting a boost from this morning's announcement by Peabody Energy Corp. (NYSE: BTU) that its first quarter 2013 ...
Coronado Global Resources Inc (OTC: CODQL) confirmed merger discussions with Peabody Energy Corp (NYSE: BTU). The merger could lead to a new global giant worth some $6 billion, the WSJ reports ...
The Peabody Energy (BTU), Arch Coal (ARCH) joint venture can deliver results as decline in cost of operation will make it more competitive against natural gas and renewable sources of energy.
Coal is not sexy, but the world still needs stable base load electricity generation. On the surface Peabody Energy's latest quarterly earnings look quite poor with a loss of $0.10 per share. The ...
Peabody Energy developed two coal strip mines on the Black Mesa reservation: the Black Mesa Mine and the Kayenta Mine. The company pumped water from the underground Navajo Aquifer for washing coal, and, until 2005, in a slurry pipeline operation to transport extracted coal 273 mi (439 km) to the Mohave Generating Station in Laughlin, Nevada.
Peabody Energy often used "self-bonding" to guarantee it could pay for its mine reclamation obligations under the Surface Mining Control and Reclamation Act of 1977. [73] On March 28, 2016 the Wyoming Department of Environmental Quality assured the federal Office of Surface Mining that Peabody Energy's self-bonding remained adequate. [74]
[6] [7] Peabody Energy filed for Chapter 11 bankruptcy on April 13, 2016. [8] He became a director of Marathon Oil in 2008 and was appointed lead independent director in 2019. [9] Boyce is a former chairman of the National Mining Association. [2] [3] He has served on the boards of directors of Marathon Oil since 2008 and Monsanto since 2013.
Peabody Energy bids for Macarthur Coal As should be no surprise, the deal-making there has been intense, as seen in such deals as Yanzhou Coal Mining's $3.2 billion purchase of Felix Resources.