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Diversified mining services company Perenti Global Ltd has recently announced its earthmoving parts and equipment subsidiary, BTP, has been awarded a three-year extension worth AUS$126 million to its existing contract with Peabody Australia.
As part of its critical energy and supply infrastructure, Peabody mines continue to support coal-fuelled electric power generation and essential steelmaking.
Peabody was honoured this week with three national awards recognising the company's safety and land restoration efforts.
The credit facility was amended to permit the company's pending PRB/Colorado joint venture with Arch Coal.
Peabody has commenced re-entry of Zone 1 of the North Goonyella coal mine in consultation with the Queensland Mine Inspectorate.
Peabody is proceeding with reventilation of the first segment of the North Goonyella coal mine.
This dividend announcement reflects an increase of approximately 8% over the previous quarter's dividend per share, in recognition of the company's strong ongoing cash flow generation.
Peabody has completed its purchase of the Shoal Creek seaborne metallurgical coal mine from private coal producer Drummond Company, Inc. for US$387 million.
Peabody declares quarterly dividend of US$0.13 per share on the company's common stock.
Progress is being made to contain the impacts of the fire at the North Goonyella coal mine.
Initial steps taken to extinguish the fire and contain impacts at Peabody's North Goonyella mine have yielded visible results.
Peabody has signed an agreement to repurchase US$300 million in BTU shares directly from entities advised by Elliott Management.