Peabody Energy Mining News

Immersive Technologies recognizes two for mining business improvement

Immersive Technologies has announced the winners of its Global Business Improvement Award 2018.

U.S. coal miners are shovelling more money than ever at investors

Strong export prices are providing healthy cash flows for now. But with U.S. utilities largely shifting to cheap natural gas and clean renewables, there’s not much reason to dig new mines or scoop up acquisitions.

Peabody Energy to buy Alabama coal mine for $400 million

The transaction involves the purchase of Shoal Creek metallurgical coal mine, preparation plant and supporting assets, excluding legacy liabilities other than reclamation.

Peabody’s mine site in Australia rehabilitated two years early

The company's own workforce is in charge of re-profiling the terrain using seven massive bulldozers.

Glencore puts Tahmoor coal mine up for sale

Market rumours point at South32 as the most likely buyer, since the miner decided last month to ditch its $200 million acquisition of Peabody Energy’s coal mine in New South Wales.

South32 buys stake in Canada’s Arizona Mining for $81 million

The Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share, or about 15% of Arizona Mining’s outstanding shares.

South32 drops $200 million plan to buy Peabody coal mine

The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.

Coking coal price close to $300 a tonne on Australian disruptions

Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.

Peabody Energy back to the NYSE as emerges from bankruptcy

The US largest coal miner is back.

Peabody announces plan to emerge from bankruptcy

Proposed recoveries for key stakeholders.

South32 looking for more coking coal mines

The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.

South32 scoops up Peabody's Metropolitan coal mine in $200m deal

The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.

Peabody Energy in restructuring talks with lenders, stakeholders — sources

Peabody circulated a term sheet last week that implied the first lien debt would be impaired, prompting an organizational push, has learned.

Lenders throw a lifeline to bankrupt Peabody Energy

The coal giant also said it would review its assets in Australia to run a smaller but "more profitable" basis.

Alpha Natural Resources, Arch Coal near bankruptcy exit deals

Alpha, which filed for bankruptcy in August last year, is scheduled to ask a federal judge Thursday to approve its exit plan despite objections to it.

These five coal miners spent $95 million on lobbying before going bankrupt

Report claims that Walter Energy, Patriot Coal, Alpha Natural Resources, Arch Coal and Peabody Energy also allocated more than half a billion dollars for top executives salaries in decade before going bankrupt.

Clinton begins touring core of US struggling coal industry

She is still trying to recover from her televised comments in March, when she said she would put coal companies and miners out of business.

US coal giant Peabody Energy files for bankruptcy

Peabody's bankruptcy filing is one of the largest in the commodities sector since commodity prices began to fall in the middle of 2014.

Bankruptcy looms for world's largest private coal miner

"Substantial doubts" St-Louis-based Peabody Energy with history traced back to 1883 can continue as going concern after missing payment on $6 billion debt.

America's top coal producers of 2015

These mines accounted for more than one quarter of U.S. coal production in 2015.

Former Aussie coal magnate Nathan Tinkler buys Anglo American mine

The Dartbrook coal mine has been mothballed since 2006, when Anglo placed it in care and maintenance.

Peabody Energy to disclose more climate risks to investors

Peabody’s concessions came in response to a probe that found the company had not been forthright with investors and regulators about threats to its business.

Coal shares jump after U.S. Supreme Court rejects mercury rule

Beleaguered U.S. coal producers were thrown a lifeline after the Supreme Court struck down the Obama administration’s rule on mercury and acid gases from power plants.

Coal miners First Arch, Peabody hit by lawsuits over retirement plans

Both saw their stock collapse not just on these news, but also amid concerns that they will have to pay more for insurance that covers environmental damage.

Lower gas prices weigh on Peabody’s weak results, expected coal demand

The U.S. No.1 coal producer projects a much wider-than-expected loss for the current quarter.