Selected For Inclusion In Award-Winning Business Magazine, Australia's Best

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Lance Throneberry, General Manager of Supply Chain at Peabody, has been confirmed as a key interview in the highly-regarded set of business publications published by Bean Media Group entitled Australia's Best

Peabody Energy is the world's largest private sector pure coal company. With products that fuel more than 10% of America's electricity supply and 2% of global demand, the company is well positioned to meet growth from electricity generators and steelmakers worldwide.

The Australian operations are managed by Peabody Pacific Pty Limited, a subsidiary of Peabody Energy, which employs more than 1000 people. A further 2500 people are employed under six major mining contracts.

Peabody Energy considers Australia to be a premier location for coal mine development and investment. After returning to Australia in 2002 with the acquisition of Wilkie Creek mine and Horse Creek coal resource in Queensland's Surat Basin, Peabody is aiming to become a permanent fixture in the Australian coal industry. With nine mines located in Queensland and New South Wales - as well as active coal trading in all major Australian coal regions through Peabody Coaltrade - Peabody is well on its way to achieving its goal.

Peabody Energy's mission is to be a leading worldwide producer and supplier of sustainable energy solutions, which power economic prosperity and result in a better quality of life. The company aims to develop and manage safe, efficient, low-cost, world-class coal mining operations that provide customers with quality products, reliable supply and superior service.

Peabody's relationship marketing approach reflects the company's ability to partner with its clients in their long-term supply chain planning processes.

Peabody is well aware of the importance of a strong supply chain for goods and services, inclusive of high performing suppliers in the coal sector. As such, Peabody actively seeks supply partners who provide the best total cost of ownership solutions with respect to performance, quality, price, service and delivery.

Lance Throneberry, General Manager of Supply Chain at Peabody, says "Suppliers and their related performance are critical to Peabody achieving its near and long term operating goals and objectives. If you look at our cost of goods sold, over 50% is attributable to third-party spend. This includes a range of goods and services including commodities, capital equipment / machines, parts, components, major and minor contracted services and temporary labour."

"A strong chain of supply is vital for Peabody to achieve consistent and predictable operating results - now and into the future," he says.

The editorial feature that appeared in Australia's Best Building, Construction and Mining can be downloaded from the Bean Media Group website here: http://beanmedia.com.au/profiles/Peabody.pdf

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CHRIS DUTTON
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