UMWA Ratifies Six-Year Contract Agreement For Peabody Energy's (NYSE:BTU) Kayenta Mine
ST. LOUIS, Sept. 17, 2013 /PRNewswire/ -- The United Mine Workers of America Local 1924 has ratified a new six-year agreement that is effective for represented employees at the Kayenta Mine in Arizona where approximately 98 percent of the hourly workforce is Native American. The agreement has provisions that will allow for efficiency improvements and includes wage increases and enhancements for a variety of benefit programs.
The Kayenta Mine supplies fuel to the Navajo Generating Station in Page, Ariz. The operations create more than $117 million in annual direct economic benefits to tribal communities. Employees have a history of strong safety performance and this year achieved a milestone of more than 1 million work hours without a lost-time injury.
Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries on six continents. For further information, go to PeabodyEnergy.com and CoalCanDoThat.com.
SOURCE Peabody Energy