ADVFN - Advanced Financial Network.
HOME» NYSE » P » BTU Stock Price » BTU Stock News

Peabody Share News

 Peabody Energy Corp Stock Price
BTU Stock Price
 Peabody Energy Corp Stock Chart
BTU Stock Chart
 Peabody Energy Corp Stock News
BTU Stock News
 Peabody Energy Corp Company Information
BTU Company Information
 Peabody Energy Corp Stock Trades
BTU Stock Trades

Peabody Puts Wilkie Creek Coal Mine In Australia Up For Sale

SYDNEY -(Dow Jones)- U.S. coal giant Peabody Energy Corp. (BTU) has hired UBS AG to find a buyer for its Wilkie Creek coal mine in Australia, in a move that's likely to kindle interest from Asian nations vying to secure coal supply for their growing fleet of power plants. Peabody said the decision to sell Wilkie Creek, which produces more than 2 million metric tons of thermal coal annually for export, was taken in the final three months of last year following its 4.9 billion Australian dollars (US$5.1 billion) takeover of Macarthur Coal. Rapid industrialization in China and India is driving heavy investment in coal-fired power generation, supporting thermal coal prices in the Asia-Pacific region and boosting valuations of mines in countries like Australia and Indonesia, which account for much of the world's seaborne coal trade. Thermal coal from Wilkie Creek is railed to the port of Brisbane and then exported to Japan, Taiwan and South Korea for use in power generation. However, Wilkie Creek's location in the Surat Basin of southeast Queensland state means it lies outside Peabody's core operations in the Bowen Basin, which include Macarthur Coal's producing mines. -By David Winning and Gillian Tan, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com

Stock News for Peabody (BTU)
DateTimeHeadline
03/27/201515:10:08Current Report Filing (8-k)
03/26/201516:41:03Annual Report of Employee Stock Plans (11-k)
03/26/201516:37:59Annual Report of Employee Stock Plans (11-k)
03/24/201516:16:16Proxy Statement (definitive) (def 14a)
03/20/201517:53:24Peabody Energy Earns Neutral Rating With The Coal Market Remaining...
03/20/201515:22:01A "Wave of Bankruptcies" About to Hit Coal Industry
03/17/201506:03:28Current Report Filing (8-k)
03/16/201517:22:39Current Report Filing (8-k)
03/16/201517:11:00Peabody Energy Announces Completion Of Early Tender Period
03/16/201516:47:00Peabody Energy Announces Closing of $1.0 Billion Aggregate Principal...
03/12/201506:49:47Oil Insiders Bullish For Their Own Stocks
03/10/201506:03:44A 'Crush' Of Bond Sales Before The Market Goes To Heck
03/06/201506:23:38Current Report Filing (8-k)
03/05/201518:58:00Peabody Energy Announces Pricing Of $1.0 Billion Aggregate Principal...
03/05/201518:56:44Peabody lenders reportedly limit future borrowings after bond...
03/03/201500:04:52Here's A List Of The Most Heavily Shorted Stocks In The Russell...
03/02/201507:21:51Current Report Filing (8-k)
03/02/201507:15:00Peabody Energy Announces Cash Tender Offer For 7 3/8% Senior...
03/02/201507:14:00Peabody Energy Announces Offering Of An Aggregate Of $1.0 Billion...
02/24/201507:52:26Dividend Cuts Coming Fast And Furious In 2015

Peabody Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad