PEABODY ENERGY: Records $41.5M Costs for Environmental Cleanup

Peabody Energy Corporation, as of June 30, 2008, has recorded undiscounted liabilities of US$41.5 million for environmental cleanup-related costs from claims wherein its subsidiary Gold Fields Mining, LLC has been named a potentially responsible party.

Of the US$41.5 million liabilities, US$5.2…

PEABODY ENERGY: Gold Fields Still Facing 2 Class Suits in Okla.

Peabody Energy Corporation reported in its latest Quarterly Report on Form 10-Q that Gold Fields Mining, LLC and two other companies remain defendants in two class action lawsuits allegedly involving past operations near Picher, Okla. All of the lawsuits are…

PEABODY ENERGY: Disputes on Ariz. Station Costs Resolved in June

Peabody Energy Corporation’s subsidiary has resolved disputes with the owners of the Navajo Generating Station in Arizona regarding costs related to mine closing and retiree health care. A comprehensive settlement became final and binding upon all of the parties on…

PEABODY ENERGY: Still Facing NYAG Subpoena on Coal-Fired Plants

Peabody Energy Corporation remains subject to a subpoena by the New York Office of the Attorney General in connection with plans to build new coal-fired electric generating units.

The New York Office of the Attorney General sent a letter to the…

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