Peabody Energy Corporation
Peabody Energy Corporation (Peabody) is a coal company. During the year ended December 31, 2008, the Company sold 255.5 million tons of coal, including 224.3 million tons from its United States and Australian mining operations, and 31.2 million tons through its brokerage activities. At December 31, 2008, it had 9.2 billion tons of proven and probable coal reserves. As of December 31, 2008, the Company owned majority interests in 30 coal mining operations located in the United States and Australia. In addition, it owns a minority interest in one Venezuelan operating mine through a joint venture arrangement. The Company conducts its mining business through three principal mining operating segments: Western U.S. Mining, Midwestern U.S. Mining and Australian Mining. In addition to its mining operations, the Company markets, brokers and trades coal through its Trading and Brokerage Operations segment.
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The 2nd World Clean Coal Week, China Focus 2011 (WCCW 2011) and 2nd Unconventional Gas Asia Summit were held successfully December 6-8, 2011 at the Regent in Beijing, China.
Leading dedicated Coal Seam Gas (CSG) producer WestSide Corporation Ltd (ASX:WCL) has appointed a new Chief Executive Officer following the completion of its major Bowen Basin joint venture acquisition.
The Australian market was stronger this morning after European Union finance ministers agreed to create emergency measures totalling more than 500 billion euro to help eurozone countries facing financing trouble. The fund involves 440 billion euro from eurozone governments and another 60 billion euro of loan funds coming from the European Commission.
Asian markets mostly opened lower today despite Wall Street gained for its sixth straight day on Thursday. Australian shares fell slightly as the market is taking a breather after rallies in the past several days. Yesterday Asian shares were encouraged by China's first quarter economic growth. China's National Bureau of Statistics said yesterday that its economy surged by 11.9 per cent in the March quarter, up from 10.7 per cent in the final three months of 2009. Japan's Nikkei 225 Average rose 0.6 per cent and South Korea's Kospi was up 0.5 per cent. Hong Kong and Australia markets posted small gains. China's Shanghai Composite ended flat.
US stocks rose overnight as investors were encouraged by the stronger than expected retail sales figures, which also eased some concerns over the reporting season to kick off next week. Most Asian markets yesterday fell after the negative lead from Wall Street. Japan's Nikkei 225 dropped 1.1 per cent after weak machinery orders data. China's Shanghai Composite lost 0.94 per cent while Hong Kong's Hang Seng Index declined 0.3 per cent. But South Korea's Kospi was 0.4 per cent higher as strong foreign buying came in late trade.
US stocks on Monday rose to a fresh 18-month high on improved economic data. The market was encouraged as the Labor Department Friday released nonfarm payrolls report which showed a biggest job increase in three years. In addition, better-than-expected figures in service and real estate sectors also helped to support the US shares. Asian markets mostly opened higher on Tuesday. Resources shares today could be stronger after oil and metals prices rose. Asian stocks closed higher on Monday with Japan's Nikkei 225 ended at a new 18-month high for the third straight session. Regional volume was light, as markets in Australia, New Zealand, China, Hong Kong and Taiwan were shut for holidays. Most of these markets resume trading today, but Hong Kong bourse remains closing for Ching Ming Festival.
The Australian share market yesterday closed significantly lower as investors anticipated further drop in Europe and US. The benchmark S&P/ASX200 index fell 132.7 points, or 3.4 per cent, to 3723.4, while the broader All Ordinaries index declined 131.7 points, or 3.4 per cent, to 3710.8.
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