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Stock Market & Financial Investment News

News Breaks
March 18, 2013
11:40 EDTBTUPeabody Energy sees FY13 CapEx $450M-$550M, ~50% below 2012 levels
Says coal market demand rising in 2013 on higher steel production, generation. Sees global steel production growth of about 3%, says seaborne thermal demand expected to increase 40-50M tonnes on growing Asian demand. Sees U.S. coal generation rising 40-60M tons in 2013. Says sees FY13 U.S. production of 180M-190M tons. Comments from slides that will be presented at the Howard Weil Annual Energy Conference.
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May 20, 2013
07:58 EDTBTUBofA/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 EDTBTUPeabody 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 EDTBTUBofA/Merrill to host a conference
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May 9, 2013
11:35 EDTBTUKansas 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.
May 8, 2013
10:17 EDTBTUPeabody Energy volatility at low end of six-year range
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