Coal Prices Hinder Peabody Energy's Growth in Second-Quarter 2014, but Global Market Expected to Improve
Coal Prices Hinder Peabody Energy's Growth in Second-Quarter 2014, but Global Market Expected to Improve
SUGAR LAND--July 23, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Executives at Peabody Energy Corporation (NYSE:BTU) (St. Louis, Missouri), the world's largest private-sector coal company, are optimistic about the company's international prospects following mixed results for second-quarter 2014. Weaker global prices, particularly in Australia, and tough competition with natural gas offset a recovery in U.S. coal sales. Industrial Info is tracking $249 million in active and unconfirmed projects involving Peabody.
Within this article: Details on major Peabody projects in the U.S. and Australia, including current schedules, contractors, capacities and investment values.
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