Peabody has signed an agreement to repurchase US$300 million in BTU shares directly from entities advised by Elliott Management.
Peabody has revealed the expiration of consent solicitations relating to its 6.000% senior secured notes due 2022 and 6.375% senior secured notes due 2025.
Chief Executive of Queensland Resources Council (QRC) welcomes Peabody’s decision to extend its North Goonyella metallurgical coal mine in Queensland (Australia).
Peabody Energy posted revenues of US$1.46 billion, income from continuing operations, net of income taxes of US$208.3 million, net income attributable to common stockholders of US$106.6 million, diluted earnings per share from continuing operations of US$0.83 and Adjusted EBITDA of US$363.9 million.
Peabody was recently named 'Employer of the Year – Energy & Natural Resources' for 2018 by United Kingdom-based Corporate LiveWire, which called the company a “pace-setter in safety and health, sustainability practices and its people orientation.”
Officials from the US NIOSH, the OSMRE, the NMA and the Bureau of Land Management honour top safety, environmental and technology leaders in the mining industry.
Peabody emerges from Chapter 11 protection with a transformed capital structure, including new equity that is expected to begin trading.
US Judge intends to confirm Peabody Energy’s plan of reorganisation, making way for the company to begin its plan of emergence.