Smooth sailing for Peabody

RECORD revenues in 2008 have set the world’s largest private sector coal company, Peabody Energy, on a steady path in a volatile 2009 with the company saying it will not be afraid to look for “opportunistic transactions” with other struggling companies.

Smooth sailing for Peabody Smooth sailing for Peabody Smooth sailing for Peabody Smooth sailing for Peabody Smooth sailing for Peabody

Peabody posted record 2008 EBITDA from continuing operations of $US1.85 billion, nearly doubling 2007 levels.

Income of more than $984.