Barclays 2012 CEO Energy/Power Conference - Peabody Energy
Barclays 2012 CEO Energy/Power Conference - Peabody Energy
Barclays 2012 CEO Energy/Power Conference - Peabody Energy
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<strong>Peabody</strong> Responding toNear-Term Market Conditions● Completing late-stage development projects– Deferring future growth projects until economy strengthens● Reducing <strong>2012</strong> capital to $1.0 billion – $1.1 billion– Capex midpoint $250 million below original <strong>2012</strong> target– Expect 2013 capital at or below <strong>2012</strong> levels● Slowing pace of Australia volume growth● Closing Air Quality Mine in Indiana due tomarket conditions● Aggressively managing cost structure● Focusing on optimizing cash flows and reducing debt4
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