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About Peabody Energy
Glenn L. Kellow, President and CEO
Peabody Energy Corporation (NYSE: BTU), is the largest private-sector coal company in the world. Its primary business consists of the mining, sale and distribution of coal, which is purchased for use in electricity generation and steelmaking. Peabody also markets, brokers and trades coal through offices in China, Australia, Germany, the United Kingdom, Indonesia, India, Singapore, and the United States. Other commercial initiatives include the development of mine-mouth coal-fueled plants, the management of coal reserve holdings, and technologies to transform coal to natural gas and transportation fuels.
The coal produced by Peabody Energy fuels approximately 10% of the electricity generated in the United States and 2% of electricity generated throughout the world. In 2014, Peabody Energy recorded sales of 249.8 million tons of coal. Peabody markets coal to electricity generating and industrial customers in more than 25 nations on six continents. As of December 31, 2014, the company had approximately 7.5 billion tons of proven and probable coal reserves.
Peabody Energy maintains ownership of majority interests in 26 surface and underground mining operations located throughout the United States and Australia. In the United States, company-owned mines are located in Wyoming, Colorado, Arizona, New Mexico, Illinois, and Indiana. Peabody's largest operation is the North Antelope Rochelle Mine located in Campbell County, Wyoming, mining more than 117 million tons of coal in 2014. Peabody spun off coal mining operations in West Virginia and Kentucky into Patriot Coal Corporation in October 2007. In October 2011, Peabody acquired a majority ownership stake in Queensland-based Macarthur Coal Ltd, which specializes in the production of metallurgical coal, primarily seaborne pulverized injection coal.
After being named to Fortune Magazine's list of America's Most Admired Companies in 2008, Peabody Energy saw $787 million of losses, was removed from S&P 500, and had its ratings downgraded to "underperform" and "negative" by Goldman Sachs, Standard & Poor, Bank of America, and others in 2014. Despite this, Peabody Energy earned Energy Company of the Year and CEO of the Year at the 2014 Platts Global Energy Awards.
In Newsweek's 2012 Green Rankings—comparisons of the environmental footprint, management, and transparency of the largest public companies in America—Peabody Energy was ranked 493rd out of 500 in all industries and 29th out of 31 in the energy industry. The company received the worst possible Environmental Impact score.
The company is headquartered in downtown St. Louis, Missouri.