Peabody expects to incur a one-time, non-cash charge estimated at $75 million after tax in the quarter ending September 30, 2012, primarily related to the write-down of assets, which will be recorded within discontinued operations. Peabody’s prior third quarter 2012 targets remain unchanged, as they exclude discontinued operations.
Peabody is the leading coal producer and reserve holder in the Midwest with 11 operations in Indiana and Illinois.
