Peabody Energy Company Description
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 sells about 250 million tons of coal annually and maintains more than 9 billion tons in reserve. US customers, primarily power companies, account for nearly 85% of Peabody's sales. Its operations include coal trading and brokering, coalbed methane production, transportation-related services, and development of coal-based generating plants. Peabody was founded in 1883 as a coal supplier but began coal mining in earnest in 1926.
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The Company Description provides a historical perspective of Peabody Energy's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Peabody Energy's evolution in the marketplace.
