Peabody Energy

Peabody Energy is a prominent global coal company founded in 1883 in Chicago. Initially starting as a coal delivery service, it evolved into coal mining, incorporating as Peabody Coal Company in 1890. The company has expanded its operations significantly over the years, with more than two dozen surface and underground mines in the U.S. and Australia. Peabody Energy's primary business involves coal mining and supply, focusing on thermal coal for electricity generation and metallurgical coal for steel production. The company serves electric utilities and industrial customers worldwide, with notable long-term contracts, including a significant agreement with the Tennessee Valley Authority. Additionally, Peabody engages in coal trading activities in major markets such as China, India, and Indonesia, reinforcing its position in the global coal industry.