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UMWA Rejected Offer That Could Have Provided Patriot Retirees With Healthcare Comparable To Peabody's Active Corporate

UMWA Rejected Offer That Could Have Provided Patriot Retirees With Healthcare
              Comparable To Peabody's Active Corporate Employees

PR Newswire

ST. LOUIS, Sept. 23, 2013

ST. LOUIS, Sept. 23, 2013 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today
announced that the United Mine Workers of America (UMWA) had previously
rejected an offer in settlement of all claims with the UMWA, payable over 15
years, which could also have been used to provide 3,100 Patriot Coal retirees
with lifetime healthcare benefits comparable to those of Peabody's active
corporate employees.

Senior Vice President of Global Investor and Corporate Relations Vic Svec said
that the settlement offer could have been used to fund the newly-established
Voluntary Employee Beneficiary Association that will provide healthcare
benefits to retirees in the wake of Patriot's bankruptcy. 

"UMWA President Cecil Roberts claims to be concerned about his members," said
Svec. "So why did he not accept a settlement amount large enough to provide
3,100 retirees with lifetime healthcare benefits comparable with those of
Peabody's active corporate employees? The UMWA retirees who have been
traveling to St. Louis to rally for healthcare benefits have a right to know
that a good faith settlement offer was on the table, and that union leadership
rejected it."

Since Patriot's launch in 2007, Peabody has been funding Patriot's healthcare
obligations for some 3,100 retirees under contractual agreement. The
mid-August offer was to settle all claims with the UMWA and the union would
not accept these terms, despite the fact that Peabody's contractual
obligation, at any level, has been relieved by new agreements between Patriot
Coal and the UMWA.

Peabody Energy is the world's largest private-sector coal company and a global
leader in sustainable mining and clean coal solutions. The company serves
metallurgical and thermal coal customers in more than 25 countries on six
continents. For further information, go to PeabodyEnergy.com and
CoalCanDoThat.com.

CONTACT:
Kirsty McDonald
314.342.7562

(Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO)

SOURCE Peabody Energy

Website: http://www.peabodyenergy.com
 
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