Press Releases

Peabody Energy today announced that one of its units has exercised an option to acquire Beaver Dam Coal Company, a major holder of coal reserves in Western Kentucky.

Through the acquisition, Peabody will obtain ownership of more than 100 million tons of coal reserves and 22,000 surface acres in a region with the largest number of coal-fueled plants in the nation. Closing of the transaction is expected in late June. The holdings will lower the cost structure of future mines to be built in the region and will strengthen the reserves position adjacent to Peabody's planned 1,500 megawatt Thoroughbred Energy Campus.

Peabody Energy is the world's largest coal company. Its coal products fuel more than 9 percent of America's electricity and more than 2 percent of the world's electricity.

MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X59632721

SOURCE: Peabody Energy