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.
SciDev signs a two-year contract with Peabody Energy for the supply of an OptiFlox system and chemicals at Peabody’s Wilpinjong coal mine in New South Wales, Australia.
Ausdrill subsidiary BTP Equipment has secured a 24-month, AUS$70 million extension to its existing contract with Peabody Energy Australia.