Peabody Energy Corporation (BTU) engages in the coal mining business in several countries. The company operates through the Seaborne Thermal Mining; Seaborne Metallurgical Mining; Powder River Basin Mining; and Other U.S. Thermal Mining segments.
Countries were starting to move away from the consumption of coal to curb environmental degradation. However, coal consumption bounced back strongly in 2021, growing by 6.3%. In non-OECD nations, consumption hit a record. In the United States, coal was starting to get phased out. However, 2021 saw an uptick in U.S. coal consumption and production.
