Tagged: peabody

Three protesters were arrested yesterday at the Peabody Energy shareholders meeting in Gillette. United Mine Workers of America representatives were demonstrating against pension cuts to retired miners that came about when Peabody unloaded some of its pension responsibilities on a company that has since declared bankruptcy. Other demonstrators were there to protest Peabody projects and conduct. An organizer from Missouri, Arielle Klagsbrun, said the meeting was held at Gillette College and the arrests happened in the parking lot… 

Peabody Energy has been awarded a coal lease sale by the Bureau of Land Management for roughly $793-million. The tract is located in the Powder River Basin, and Peabody paid about a $1.10 per ton of coal, of which 721 million tons are estimated to be mineable.

Governor Matt Mead says the sale will be good for the state.

“It’s just short of 800 million dollars, which means over a course of about five years, Wyoming will get a little less than 400 million dollars from that sale,” says Mead.