Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Peabody Energy Corporation    BTU

PEABODY ENERGY CORPORATION (BTU)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Peabody Energy Corporation : Peabody Energy North Goonyella Employees Overwhelmingly Approve New Labor Contract

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/13/2012 | 05:20pm CEST

ST. LOUIS, April 13, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that employees at the North Goonyella Mine in Queensland's Bowen Basin overwhelmingly approved a new enterprise agreement on April 11, 2012.

Successful conclusion of the labor negotiations follows several months of constructive discussions between the mine and the workforce. The new three-year agreement builds on the base of improvements gained at the mine over recent years and will enable progress to continue in areas where further potential exists.

"We believe the new agreement will provide benefits for both Peabody and our employees as together we build a sustainable future for North Goonyella," said Peabody President - Australia Eric Ford. "The approval by more than an 80 percent vote is a clear show of support."

North Goonyella employs approximately 330 and produces a high quality hard coking coal that serves export markets for steel production. The mine has a current capacity of up to 2.5 million tons per year, and intends to install innovative longwall top coal caving technology to further expand capacity beginning in 2014.

Peabody Energy is the world's largest private-sector coal company and a global leader in clean coal solutions. With 2011 sales of 251 million tons and $8 billion in revenues, Peabody fuels 10 percent of U.S. power and 2 percent of worldwide electricity.

CONTACT:
Vic Svec
(314) 342-7768

SOURCE Peabody Energy


© PRNewswire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PEABODY ENERGY CORPORATION
05/18PEABODY ENERGY : President and CEO Glenn Kellow Named Chairman of World Coal Ass..
PU
05/14PEABODY ENERGY CORPORATION (OTCMKTS : BTUUQ) Files An 8-K Regulation FD Disclosu..
AQ
05/14PEABODY ENERGY CORP : Regulation FD Disclosure, Financial Statements and Exhibit..
AQ
05/11PEABODY ENERGY CORP : Submission of Matters to a Vote of Security Holders (form ..
AQ
05/11PEABODY ENERGY CORPORATION (OTCMKTS : BTUUQ) Files An 8-K Other Events
AQ
05/10PEABODY ENERGY CORP : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
05/10PEABODY ENERGY : Management's Discussion and Analysis of Financial Condition and..
AQ
05/02PEABODY ENERGY : Fight to Preserve Navajo Generating Station and Native Jobs Goe..
AQ
04/29PEABODY ENERGY : Global miner peabody aims to sell more coal to india
AQ
04/25PEABODY ENERGY CORPORATION (OTCMKTS : BTUUQ) Files An 8-K Results of Operations ..
AQ
More news
News from SeekingAlpha
2015Thermal Coal - Will The Industry Go The Way Of The Dodo? 
2015The Future Of Coal Companies 
2015Coal stocks lower following Moody's grim outlook 
2015PREMARKET GAINERS / LOSERS AS OF 9 : 10 am 
2015Gas And Wind Could Displace Coal In Electricity Generation