ST. LOUIS, Dec. 3, 2012 /PRNewswire/ -- In recognition of his three decades of outstanding leadership in the global mining sector and plan to eradicate energy poverty, Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce has been inducted into the Mining Foundation of the Southwest's American Mining Hall of Fame. Boyce accepted the honor at the Foundation's 30 th annual awards presentation banquet in Tucson, Ariz.
The Foundation serves to educate the public about mining's past and present, honoring one Board-selected Hall of Fame inductee each year for their outstanding contribution to the mining industry.
"I am both humbled and honored that the Foundation has selected me for inclusion in its Mining Hall of Fame, especially since it includes so many individuals from mining's past and present whose visionary work has helped to shape both the industry and the world we live in," said Boyce. "We must never lose sight of the critical role that mining plays in a global context. Mining is the first link in a commodities supply chain that sustains economic growth and security on a global scale."
Over a three-decade career in mining and energy, Boyce has worked across a wide range of commodities, including copper, uranium, gold and coal. He previously held roles with Kennecott Copper and Rio Tinto, before joining Peabody Energy in 2003 as President and Chief Operating Officer. In 2006, Boyce rose to President and Chief Executive Officer of Peabody and was elected as Chairman of the Board in 2007.Under Boyce's leadership, Peabody has grown significantly and expanded globally. Since Boyce joined the company, Peabody has increased revenues 265 percent and earnings per share 774 percent. The company has significantly expanded its global footprint, with international contributions growing from just 1 percent when Boyce joined the company to half of the company's mining contributions in 2011. Boyce also is the architect of the Peabody Plan, which outlines steps to eliminate energy poverty and leads to continued improvement in clean coal technologies through the global buildout of state-of-the-art coal-fueled generation.
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