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

Australia's Port Kembla Coal Terminal, Union To Resume Negotiations

MELBOURNE -(Dow Jones)- Operators of Australia's Port Kembla Coal Terminal on the east coast will return to the bargaining table Friday in a bid to agree a new employment agreement and halt a strike that threatens to dent exports, the Construction, Forestry, Mining and Energy Union said Thursday. Almost 100 terminal workers walked off the job after the union said the terminal scaled back the conditions it was offering in a new three-and-a-half year employment pact. The terminal has countered that the strike is unnecessary and union's demands are not typical for Australian coal terminals. A spokesman for the union said negotiations would resume Friday morning and that the CFMEU was committed to an outcome that would suit both sides. The terminal, which is managed by BHP Billiton Ltd. (BHP), exports coking and thermal coal from the Southern and Western coalfields of New South Wales state for BHP, Peabody Energy Corp. (BTU), Banpu PCL (BANPU.TH), Gujarat NRE Coking Coal Ltd. (GNM.AU) and Xstrata PLC (XTA.LN). The terminal has offered workers a 4.3% annual wage increase, shy of the 4.5% demanded by the union, which has said talks have faltered over its call for greater job security. The company has said the union wants to extend the agreement to cover middle-management level employees such as accountants and engineers. "Dilution of the workforce with employees not covered by the agreement would make individual workers more vulnerable to management demands, such as working longer hours, the union said in a statement. The CFMEU on Tuesday called off a planned seven-day strike by workers at BHP's West Cliff colliery in New South Wales after it said company management had made concessions during negotiations. The four-month long negotiations are unrelated to the dispute at the Port Kembla terminal. -By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com

Stock News for Peabody (BTU)
DateTimeHeadline
10/20/201409:49:31U.S. Hot Stocks: Hot Stocks to Watch
05/13/201421:50:10Australian Coal Magnate to Buy Peabody Mine
04/15/201417:39:38U.S. Appeals Court Upholds EPA Rule on Power Plant Emissions...
04/07/201414:18:10MARKET SNAPSHOT: U.S. Stocks Extend Losses Ahead Of Quarterly...
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201308:55:36Highbridge Capital Management 3Q 13F: Holdings As -2-
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201308:27:55S.A.C. Capital Advisors LP 3Q 13F: Largest Eliminations
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Purchases
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Sales
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest -2-
11/15/201307:04:38Bridgewater Associates LP 3Q 13F: Largest Sales
11/14/201307:21:26GAMCO Asset Management Inc. 3Q 13F: Largest -2-
11/14/201307:21:26GAMCO Asset Management Inc. 3Q 13F: Largest Purchases
10/31/201313:59:36Patriot Coal Working on $576 Million in Bankruptcy-Exit Financing
09/06/201315:22:40WEEK AHEAD: Dell Vote at Last; Clues to the Housing Recovery
08/22/201307:02:19Peabody Energy Names Glenn Kellow as New President and COO
06/27/201304:50:19Australian Mining Jobs Fall Amid Slowdown
01/29/201306:08:17Floods Disrupt Australian Mining Operations

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