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News Breaks
August 5, 2014
05:26 EDTBTUPeabody reduces production at Burton Mine in Australia
Peabody Energy announced that it is reducing metallurgical coal production by approximately 1.5M tons per year from the Burton Mine in Queensland, Australia. The Burton Mine is Peabody's highest unit-cost operation, and production levels are not sustainable in the current market environment. Following negotiations with the contractor operator, production levels are expected to be reduced to approximately 1M tons per year, as the operation targets lower-cost reserves using reduced fleets of equipment. Peabody also reduced its annual average Australian cost estimate to the low $70 per ton range while raising Q3 financial targets. The company is reducing 2014 targeted metallurgical coal sales from the Australian platform by 1M tons to 15M-16M tons, with new Australian sales targets of 34M-36M tons.
News For BTU From The Last 14 Days
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January 22, 2015
10:12 EDTBTUPeabody names Glenn Kellow President and President-elect
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January 16, 2015
13:33 EDTBTUManning & Napier Advisors reports 11.97% passive stake in Peabody
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January 15, 2015
10:00 EDTBTUOn The Fly: Analyst Initiation Summary
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05:32 EDTBTUPeabody initiated with an Equal Weight at Barclays
Target $10.

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