activity, past mining obligations, and other energy-related commercial activities. Resource Management: As of December 31, 2014, the company had approximately 7.6 billion tons of proven and probable coal reserves and approximately 500 thousand acres of surface property through ownership and lease agreements. Middlemount Mine: The company owns a 50% equity interest in Middlemount Coal Pty Ltd., which owns the Middlemount Mine in Queensland, Australia. The mine predominantly produces semi-hard coking coal and LV PCI coal for sale into seaborne coal markets through rail and port capacity contracted through Abbot Point Coal Terminal, with capacity also secured at Dalrymple Bay Coal Terminal. During the year ended December 31, 2014, the mine sold 3.7 million tons of coal, respectively (on a 100% basis). Singapore Joint Venture: In 2013, the company announced an agreement with Shenhua Group Corporation Limited (Shenhua), a large-scale state-owned energy company headquartered in Beijing, China, to form Sino-Pacific Coal Trading Corporation Pte. Ltd. (Sino-Pacific), a Singapore-based joint venture in which the company would retain a 50% interest. Export Facilities: The company has a 37.5% interest in Dominion Terminal Associates, a partnership that operates a coal export terminal in Newport News, Virginia that exports both metallurgical and thermal coal primarily to European and Brazilian markets. Generation Development: The company is a 5.06% owner in the Prairie State Energy Campus (Prairie State), a 1,600 megawatt coal-fueled electricity generation plant and adjacent coal mine in Washington, St. Clair and Randolph counties in Illinois. Captive Insurance Entity: A portion of the company’s insurance risks associated with workers’ compensation, general liability and auto liability coverage is self-insured through a wholly-owned captive insurance company. The captive entities invoice certain of its subsidiaries for the premiums on these policies, pay the related claims, maintain reserves for anticipated losses and invest funds to pay future claims. Services: The company purchases services at its mine sites, including services related to maintenance for mining equipment, construction, temporary labor, and other various contracted services, such as contract mining for both production and development and explosive services. Coal Supply Agreements Customers: The company’s coal supply agreements are primarily with electricity generators, industrial facilities, and steel manufacturers. Competition The company’s principal U.S. direct competitors are other large coal producers, including Alliance Resource Partners; Alpha Natural Resources, Inc.; Arch Coal, Inc.; the Cline Group; and Cloud Peak Energy Inc. Major international direct competitors include Anglo-American PLC; BHP Billiton; China Coal; Glencore PLC; PT Bumi Resources Tbk.; Rio Tinto plc; and Shenhua Group. History Peabody Energy Corporation was founded in 1883. The company was incorporated in Delaware in 1998 and became a public company in 2001.
peabody energy corp (BTU:New York)
701 Market Street
St. Louis, MO 63101
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