Peabody has commenced re-entry of Zone 1 of the North Goonyella coal mine in consultation with the Queensland Mine Inspectorate.
This dividend announcement reflects an increase of approximately 8% over the previous quarter's dividend per share, in recognition of the company's strong ongoing cash flow generation.
Peabody has completed its purchase of the Shoal Creek seaborne metallurgical coal mine from private coal producer Drummond Company, Inc. for US$387 million.
Initial steps taken to extinguish the fire and contain impacts at Peabody's North Goonyella mine have yielded visible results.
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).