This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Eight Million Pound Dragline Crosses New Mexico In Historic Trek To Peabody Energy's (NYSE: BTU) El Segundo Mine

ST. LOUIS, Nov. 27, 2013 /PRNewswire/ -- Peabody Energy's 8 million pound dragline completed a historic journey from the company's Lee Ranch Mine northwest of Grants, New Mexico, more than 20 miles to its new home at the El Segundo Mine. One of the world's most massive machines, the 1570-W dragline crossed the high desert, carried by a specialized 600-wheel vehicle. NASA uses a similar transportation method to haul space shuttles. 

Transporting a machine of this size required precision and planning, said Brad Brown, Peabody Energy Senior Vice President of Southwest Operations. "This was certainly a road trip to remember. These machines are the size of a ship on dry land. They can walk but typically very slowly with the help of electric generators. This time, Peabody used a different, more efficient method involving a carrier. We owe a huge amount of thanks to all team members who made this engineering accomplishment possible."

A dragline is a large earthmoving machine designed to remove overburden, or layered rock, to reveal a coal seam. The 1570-W dragline carries an 85-cubic-yard bucket big enough to hold more than five Volkswagen Beetles and a 320-foot boom capable of swinging the length of a football field. Draglines traditionally move to new areas by "walking" about one-tenth of a mile in an hour using shoes that lift and advance the machine. This requires generators, and road and power line construction support 24 hours a day for a month or more.

Peabody adopted a new dragline transportation method that abbreviated the move and eliminated the need for electric power. Working with heavy equipment manufacturer Joy Global, Peabody loaded the massive machine on a specialized carrier assembled by Mammoet USA South, Inc., the world's leader in solutions for heavy lifting transportation. The carrier featured 150 axle lines, each consisting of four heavy-duty truck tires coupled together to form a self-propelled transport vehicle. The assembly moved at speeds of up to two miles per hour, enabling the dragline to reach the El Segundo Mine in twelve days. One of the most productive mines in the U.S. Southwest, El Segundo shipped 8.4 million tons of coal in 2012.

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 PeabodyEnergy.com and CoalCanDoThat.com.

1 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs