New ETF Book by Larry Connors - Click here to read more
The Wyoming State Mine Inspector annually honors mines with the lowest incident frequency rates at the Wyoming Mining Association Convention, which was held this year in Laramie, Wyo.
The Mine Inspector recognized the Rawhide Mine with its First Place Award for Surface Mine Safety in the small mine category after Rawhide reported the best safety performance among its peers: 1.33 incidents per 200,000 hours worked in 2008. The operation sold 18.4 million tons of coal last year and has a workforce of 230.
The Inspector also awarded the Caballo Mine with its Second Place Award for Surface Mine Safety in the large mine category. Caballo's workers operated more than 927,000 hours in 2008 without an injury requiring an employee to miss work. With an incident rate of 0.66, the mine performed nearly 60 percent better than the industry average for surface mines. The operation shipped approximately 31 million tons of coal in 2008 and employs a workforce of approximately 420.
"I salute the workforce at Rawhide and Caballo for making safety a way of life and setting a standard that is recognized by our peers and top mining authorities in the state," said Eric Ford, Peabody Energy Executive Vice President and Chief Operating Officer. "Both mines are setting the pace in our pursuit of the ultimate vision: zero incidents of any kind."
These honors come on the heels of Peabody's safest year in 2008. Peabody's U.S. mines achieved a 1.70 incident rate per 200,000 hours worked. Caballo and Rawhide have been consistently recognized as Wyoming's safest mines, together earning the distinction twice in the last five years.
Peabody earned 11 awards for safety excellence in 2008. The company's operations also contributed $14 billion in direct and implied economic benefits into communities around the world.
Peabody Energy (NYSE: BTU | Quote | Chart | News | PowerRating) is the world's largest private-sector coal company, with 2008 sales of 256 million tons and $6.6 billion in revenues. Its coal products fuel 10 percent of all U.S. electricity generation and 2 percent of worldwide electricity.
CONTACT:
Meg Gallagher
(314) 342-7963
SOURCE Peabody Energy
http://www.peabodyenergy.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.