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November 27, 2012
14:03 EDTBTUPeabody 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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April 17, 2015
06:46 EDTBTUCourt looks poised to deny challenge to coal emissions rule, NY Times says
A federal appeals court seemed inclined to dismiss a lawsuit challenging the EPA's rule restricting carbon emissions from coal-fired power plants, The New York Times reported yesterday. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT). Reference Link
April 8, 2015
11:44 EDTBTUStocks with call strike movement; BTU SD
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April 7, 2015
12:40 EDTBTUPeabody up 9% after positive mention on CNBC
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