Peabody sets US production record

RECENTLY listed US giant Peabody Energy has reported a fourth quarter EBITDA of US$87.7 million and US$290.1 million for the nine months to the end of December, year-on-year increases of 9% and 20%, respectively.

Peabody chairman and chief executive Irl Engelhardt said the fourth successive quarterly increase was achieved despite a recession, mild winter weather and recent disruption in the energy trading