Reuters: Hot Stocks: UPDATE 1-Peabody leases coal reserves, stock up

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Peabody leases coal reserves, stock up Jun 29th 2012, 12:52 Fri Jun 29, 2012 8:52am EDT June 29 (Reuters) - Coal miner Peabody Energy Corp said on Friday it has leased 721 million tons of ultra-low-sulfur coal reserves adjacent to its North Antelope Rochelle Mine in the Powder River Basin of Wyoming. The company's shares rose over 3 percent to $24.07 in pre-market trading on the New York Stock Exchange. Peabody said it submitted a bid of $1.10 per mineable ton for control of the North Porcupine reserve area to the U.S. Bureau of Land Management, which awarded the lease following a sealed-bid auction. Peabody has leased more than 1.1 billion tons of reserves adjacent to North Antelope Rochelle in recent months, and the company controls 4 billion tons of coal reserves in the region.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions