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

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PEABODY ENERGY CORPORATION
08/23 PEABODY ENERGY : Clinton emails include appeals for meetings with Peabody Energy..
08/23 PEABODY ENERGY : reaches cleanup agreement with Illinois
08/22 PEABODY ENERGY : Bankruptcy Filings Financial Reports
08/19 PEABODY ENERGY CORP : Regulation FD Disclosure (form 8-K)
08/18 PEABODY ENERGY CORP : Change in Directors or Principal Officers (form 8-K)
08/10 PEABODY ENERGY CORP : Regulation FD Disclosure, Financial Statements and Exhibit..
08/09 PEABODY ENERGY : loss narrows, but revenue falls
08/08 PEABODY ENERGY : Management's Discussion and Analysis of Financial Condition and..
08/04 PEABODY ENERGY : Reaches Agreement With States On Financial Assurances In Suppor..
08/04 PEABODY ENERGY CORP : Regulation FD Disclosure (form 8-K)
More news
Sector news : Coal - NEC
11:39aDJGLENCORE : Reports Narrower Loss, Cuts Debt -- 3rd Update
10:15aDJGlencore Reports Narrower Loss, Cuts Debt
10:15aDJGlobal Stocks Little Changed in Quiet Trading
09:47aDJGLENCORE : Reports Narrower Loss, Cuts Debt -- 2nd Update
09:07aDJGLENCORE : Reports Narrower Loss, Cuts Debt -- Update
More sector news : Coal - NEC
News from SeekingAlpha
2015 Thermal Coal - Will The Industry Go The Way Of The Dodo?
2015 The Future Of Coal Companies
2015 Coal stocks lower following Moody's grim outlook
2015 PREMARKET GAINERS / LOSERS AS OF 9 : 10 am
2015 Gas And Wind Could Displace Coal In Electricity Generation