US-based coal miner, Peabody Energy, has reported better than expected full year results for 2009
Peabody Energy has reported better than expected results for 2009. EBITDA was US$ 1.29 billion, while revenue totaled US$ 6.01 billion on sales of 243 million t. Asia is driving demand and will continue to do so in 2010. In the US, a recovering economy is expected to increase the raise consumption of coal by 60 – 80 million t.