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Over $5billion
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Peabody Energy Coal is a major source of America’s economic strength… the rock that reliably fuels half our energy at a fraction of the cost of competing sources. And technology now under development around the world will ensure that coal continues to power our 21st Century way of life. Peabody is the global leader in clean coal solutions, advancing signature projects and partnerships to commercialize low-carbon and near-zero emissions technologies around the world, including FutureGen and the National Carbon Capture and Storage Institute in the United States, the COAL21 Fund and Global Carbon Capture and Storage Institute in Australia and the GreenGen power project in China. The company currently operates 30 mining operations in the United States and Australia. Peabody also has pursued multiple international joint venture and business development activities, from completing a multi-year build-out of our coal production in Australia, the world’s largest coal exporting nation, to entering a joint venture in Mongolia, home of the world’s best undeveloped coal resources, to initiating joint venture activities in China, the largest coal market. In the United States, Peabody recently began construction of the Bear Run Mine in Indiana, which will be the largest surface mine in the Eastern United States. Peabody is guided by a singular mission: to be the leading worldwide producer and supplier of sustainable energy solutions, which power economic prosperity and result in a better quality of life. The company has a proud legacy of stewardship and sustainability, earning more than two dozen major honors for safety, environmental excellence and good neighbor practices in the past two years while operating the world’s largest and most productive mine in 2008. This reputation is tied to results. Safety is core to Peabody Energy's mission, and the company has delivered the best two-year safety performance in its history. Another key principle of the company's mission is to “leave the land in a condition equal to or better than we found it.” More than 20 years before land restoration was required by law, Peabody launched "Operation Green Earth," an ambitious program to restore rangeland, wildlife preserves, hardwood forests, wetlands and recreation areas on mined lands. About 6,100 acres of mined lands were restored in 2008, and during the past three years, the company established more than 1,400 acres of forest and planted nearly 1.7 million trees. In addition, the company injected $14 billion into global economies last year and donated more than $5.8 million for education, scholarships and community needs. |
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