Current Research on Peabody Energy Corp.

0 Comments | M2 Presswire, January, 2007

M2 PRESSWIRE-3 January 2007-Resource News: Current Research on Peabody Energy Corp.(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:03012007 To Peabody Energy (NYSE:BTU) it's a coal-cooled world. The world's largest coal producer, Peabody operates more than 30 mines and processing facilities in the US and Australia.

It produces about 240 million tons of coal annually and maintains nearly 10 billion tons in reserve. US customers, primarily power companies, account for more than 90 of Peabody's sales. Its operations include coal trading and brokering, coalbed methane production, transportation-related services, and development of coal-based generating plants. The company agreed to acquire Australian miner Excel Coal for more than $1.5 billion in 2006. Peabody was...