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News Breaks | | | | November 27, 2012 | | 14:03 EDT |  | BTU | Peabody Energy to permanently close Willow Lake Mine
Big Ridge announced it will permanently close the Willow Lake Mine near Harrisburg, Ill. The mine has failed to meet acceptable standards for safety, compliance and operating performance, and these ongoing issues make the operations unsustainable, the company said. Worker Adjustment and Retraining Notification, or WARN, letters are being provided to approximately 400 employees. Willow Lake sold 2.2M tons in 2011. Peabody expects to incur a largely non-cash, one-time charge estimated at $40M-$60M, or 10c-15c per share after tax, in Q4 primarily to write off assets, increase asset retirement obligations and accrue severance. The company expects little effect on ongoing earnings from the closing, Peabody said. | |
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News For BTU From The Last 14 Days Check below for free stories on BTU the last two weeks. |
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| May 20, 2013 | | 07:58 EDT |  | BTU | BofA/Merrill's metals and mining analysts hold analyst/industry conference call
Metals & Mining Analysts discuss the recently held 30th Annual BofAML Global Metals, Mining & Steel Conference on an Analyst/Industry conference call. Relevant companies BHP, RIO, VALE, BNX, CLF, NUE, AA and BTU may be included on the Analyst/Industry conference call to be held on May 20 at 9 am. | | | May 14, 2013 | | 16:31 EDT | | BTU | Peabody Energy targeting FY13 capital spending $450M-$550M
Company says this is approximately 50% below FY12 levels, as it is deferring early-stage growth projects. Company said Q1 capital spend approximately 70% below prior-year levels. Guidance given in slides ahead of presentation to be made at Bank of America-Merrill Lynch 2013 Global Metals and Mining Conference. | | | May 13, 2013 | | 07:37 EDT | | BTU | BofA/Merrill to host a conference
 Subscribe for More Information | | | May 9, 2013 | | 11:35 EDT | | BTU | Kansas City Southern says coal volumes are up 5% in Q2
On its presentation at the Wells Fargo conference the CFO said that coal volumes are up approximately 5% in Q2. | |
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