“Germany is a European commodities hub, and the Essen office further strengthens our access to growing markets for seaborne coal on the continent,” said Richard A. Navarre, president and chief commercial officer, Peabody Energy. “Our presence in Essen broadens our sourcing and shipping capabilities to deliver coal from Peabody’s U.S. operations to European customers, who increasingly are turning to coal to displace nuclear generation and high-cost natural gas.”
Peabody’s Essen office will be headed by Juergen Treschan, who has been named director of trading and logistics—Northern Europe. He will oversee international trading activities in Germany and neighboring countries. Treschan has more than 30 years of experience in sales, marketing and trading, and mining. He will report to Alex Baileff, head of Peabody COALTRADE’s London office.
Peabody’s coal sales, trading and brokerage platform serves customers in more than 25 nations across six continents.