MARKETS

Peabody makes Brock top trader

PEABODY Energy has named Matt Brock president of Coaltrade.

Staff Reporter

Brock will be based in Singapore and hold responsibility for global trading and brokerage activities across six continents.

Brock has more than 18 years of extensive coal sales, commodity trading and transportation experience.

He was previously the global head of coal and freight at Swiss trading company Gunvor SA, where he managed the worldwide trading activity and business development for coal and dry freight.

He has also served on the board of directors at Signal Peak Mine in Montana, was involved in the management of the Keaton mining project in South Africa, and Gunvor's coal business development in Russia.

Brock earned a Bachelor of Arts with honors from the University of London in history and economics and a Master of Science from the University of London in international trade and economics.

Despite an increase in revenues, Peabody Energy ended 2012 with a sizeable year-on-year loss of more than $US575 million, compared to a profit of $946.3 reported for 2011.

The Missouri-headquartered company said it had $2.02 billion in revenue for the final period of the year ended December 31, a 9.5% drop over the fourth quarter of 2011.

Full-year 2012 revenues were a record $8.08 billion, up 2% year-on-year, due in good part to increased Australian volume and higher realized pricing in the US.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production