Peabody Energy Reports $1 Billion Fourth Quarter Loss, Expects to Rebound in 2013 with Rising Coal Prices

Mining Weekly reported that Peabody Energy reported a $1 billion loss in Q4 2012, and expects to bleed further in the current quarter before beginning to rebound,  with an increase in prices to steel-making coal.

As quoted in the market report:

Peabody, the world’s largest private sector coal miner, said it expected earnings to rise due to higher volumes and prices at its Australian mines as well as lower production costs.

To view the whole Mining Weekly report, click here.

Get the Latest Coal Investing Stock Information

Get the latest information about companies associated with Coal Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

resource ebook2Get the top stories on resource investing FREE! Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.
Comments

Leave a Reply