Despite coal woes, Peabody Energy official optimistic

2 years 3 months 3 weeks ago Saturday, March 26 2016 Mar 26, 2016 Saturday, March 26, 2016 10:48:58 AM CDT March 26, 2016 in News
By: The Associated Press

ST. LOUIS (AP) — The coal industry is struggling, but a spokesman for St. Louis-based Peabody Energy says neither coal nor the company is going away.

Heavy debt loads are weighing on companies like Peabody that made acquisitions when coal prices peaked, prompting a lengthy slump.

Peabody, the nation's largest coal company, warned earlier this month that it may have to file for bankruptcy.

But Vic Svec, Peabody's spokesman and vice president of investor relations, told the St. Louis Post-Dispatch that the company intends to stay in St. Louis "for a long time to come."

Peabody was founded in Chicago in 1883 but relocated to downtown St. Louis in 1957. The company has 375 people at its headquarters, which controls mines from Wyoming to Australia.

More News

Grid
List
KANSAS CITY (AP) — A man who was shot to death on Sunday after shooting three Kansas City police officers... More >>
2 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 8:33:33 PM CDT July 18, 2018 in News
MANSFIELD (AP) — The Missouri State Highway Patrol says a trooper who was shot in southwest Missouri has been released... More >>
2 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 8:28:02 PM CDT July 18, 2018 in News
ST. LOUIS (AP) — The white former interim police chief of St. Louis is alleging discrimination based on race in... More >>
3 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 8:20:28 PM CDT July 18, 2018 in News
COLUMBIA - Japanese beetles are swarming mid-Missouri in the tens of thousands, wreaking havoc on gardens, crops and trees. ... More >>
3 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 8:18:00 PM CDT July 18, 2018 in News
WASHINGTON (AP) — Donald Trump will visit Missouri next week to deliver his first address as president to the annual... More >>
3 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 8:13:07 PM CDT July 18, 2018 in News
JEFFERSON CITY - On Wednesday, Governor Parson issued an executive order putting nearly half of the counties in Missouri under... More >>
3 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 8:12:00 PM CDT July 18, 2018 in News
JEFFERSON CITY (AP) — A Missouri state representative has unblocked a critic from her Twitter account after he sued. ... More >>
3 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 8:10:32 PM CDT July 18, 2018 in News
KANSAS CITY (AP) — A Kansas City-area woman has been charged with letting men rape her 2-year-old daughter. Twenty-five-year-old... More >>
6 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 5:12:46 PM CDT July 18, 2018 in News
HARRISBURG - A town rocked by tragedy continues to heal after the man responsible for the car crash that killed... More >>
6 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 4:57:00 PM CDT July 18, 2018 in News
MILLER COUNTY - Deputies arrested a man following an investigation into alleged sexual abuse, and charges were filed in the... More >>
7 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 4:05:32 PM CDT July 18, 2018 in News
JEFFERSON CITY – Different sides reacted Wednesday to the Missouri Supreme Court's ruling in favor of a wind energy project.... More >>
7 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 3:37:00 PM CDT July 18, 2018 in News
JEFFERSON CITY - The Missouri Democratic Party filed an appeal to the ruling from a Cole County judge dismissing a... More >>
9 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 1:59:00 PM CDT July 18, 2018 in News
FULTON - In the span of one month, law enforcement responded to nine car crashes on Route F between Boone... More >>
9 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 1:40:00 PM CDT July 18, 2018 in News
COLUMBIA - The man who caused the crash which left a Harrisburg teacher dead pleaded guilty Wednesday. Brandon Brill,... More >>
10 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 12:34:00 PM CDT July 18, 2018 in News
SANTA ANA, CALIFORNIA (AP) — Wet and muddy from their trek across the Mexican border, immigrant children say they sat... More >>
12 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 10:50:00 AM CDT July 18, 2018 in News
(CNN) -- The 12 members of a youth soccer team and their coach who spent more than two weeks trapped... More >>
14 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 8:24:00 AM CDT July 18, 2018 in News
JEFFERSON CITY (AP) — A Missouri program aimed at connecting stroke, heart attack and trauma patients with the best care... More >>
15 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 8:17:00 AM CDT July 18, 2018 in News
(CNN) -- The owner of the Mandalay Bay hotel says it bears no liability in last year's Las Vegas concert... More >>
16 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 6:32:00 AM CDT July 18, 2018 in News
Columbia, MO
Broken Clouds 79°
12am 78°
1am 77°
2am 74°
3am 73°