Peabody Energy

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Peabody Energy (NYSE: BTU), previously Peabody Coal Company, is the largest coal mining company in the world, mining 240 million tons of coal annually, providing 10% of US energy and 3% of world energy. The company has operations in Colorado, Illinois, Indiana, Kentucky, West Virginia, Arizona, Wyoming, New Mexico, Australia, and South America. Their largest operation is the North Antelope-Rochelle Mine located in Campbell County, Wyoming, mining more than 87 million tons of coal annually.

2005 Fortune 500 company (#497), 2006 Fortune 500 company (#453)

Peabody was a privately held company until its 2001 initial public offering, which raised proceeds of $420M.

Peabody Energy Corporation is a private-sector coal company. During the year ended December 31, 2005, the Company sold 239.9 million tons of coal. It sells coal to over 350 electricity generating and industrial plants in 15 countries. At December 31, 2005, the Company had 9.8 billion tons of proven and probable coal reserves. The Company owns, through its subsidiaries, majority interests in 32 coal operations located throughout all the United States coal producing regions and in Australia. In addition, Peabody owns minority interests in two mines through joint venture arrangements. Most of the production in the western United States is low-sulfur coal from the Powder River Basin. In the West, it owns and operates mines in Arizona, Colorado, New Mexico and Wyoming. In the East, it owns and operates mines in Illinois, Indiana, Kentucky and West Virginia. The Company owns five mines in Queensland, Australia. Most of the Australian production is low-sulfur, metallurgical coal.