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Stock Market & Financial Investment News

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.
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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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