To Peabody Energy it's a coal-cooled world. The world's largest private-sector coal producer, Peabody operates more than 30 mines and processing facilities in the US and Australia. It produces about 235 million tons of coal annually and maintains 9 billion tons in reserve. US customers, primarily power companies, account for nearly 90% of Peabody's sales. Its operations include coal trading and brokering, coalbed methane production, transportation-related services, and development of coal-based generating plants. The company acquired Australian miner Excel Coal for more than $1.5 billion in 2006. Peabody was founded in 1883 as a coal supplier but began coal mining in earnest in 1926.
Sector: Basic Materials
Industry: Metals & Mining