This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Peabody Energy Wambo And Wilpinjong Mines Approve New Labor Contracts

ST. LOUIS, May 23, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that workers at its Wambo and Wilpinjong Mines in New South Wales have recently approved new labor agreements.  Together, the new agreements cover more than two-thirds of the company's high-value thermal coal exports from Australia.

"These new agreements were approved by an average of 80 percent, indicating a clear show of support from workers at our operations in Australia," said Peabody President – Australia Eric Ford.  "They follow the overwhelming approval of the new three-year North Goonyella enterprise agreement in Queensland last month, covering Peabody's highest-value hard coking coal production."

Peabody employees approved the new three-year Wambo enterprise agreement at the underground mine.  Wambo employs 150 workers, producing high-quality thermal and PCI coal products. The mine's underground operations shipped 3.1 million tons in 2011.

The new four-year Wilpinjong agreement was reached with the mine's current contract operator, Thiess.  Wilpinjong will be transitioning to Peabody owner-operator status beginning April 1, 2013.  Wilpinjong has a workforce of approximately 350 and produces thermal coal for both domestic and export markets.  The mine shipped 9.8 million tons of coal in 2011 and recently completed an expansion.

Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions.  The company serves metallurgical and thermal coal customers in more than 25 countries on six continents.  For further information, go to and

CONTACT: Vic Svec(314) 342-7768

SOURCE Peabody Energy
Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs