Peabody Energy Endorses U.S. Mining Industry’s CORESafety Safety and Health Management System
ST. LOUIS, April 2, 2012 /PRNewswire/ — Peabody Energy (NYSE: BTU) today announced its endorsement and participation in CORESafety, a new safety and health management system developed by member companies of the National Mining Association (NMA) for the U.S. mining industry.
CORESafety is the result of nearly two years of collaboration among NMA member company safety professionals to achieve an industry goal established in 2010 by a task force of CEOs from America’s leading mining firms to eliminate fatalities and reduce the rate of mining injuries by 50 percent within five years.
The NMA Board of Directors is chaired by Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce.
“The launch of CORESafety is a milestone for the U.S. mining industry,” said Boyce. “Companies employing more than 100,000 Americans have come together to share world-class safety practices and resources. We have collaborated to design a system that provides a pathway for achieving breakthrough performance in safety by our industry and serves as a model both in the United States and globally. I am proud to chair the NMA Board as we advance safety as a core value, a foundation of operational excellence and a way of life.”
CORESafety is a mining-specific system built from the most effective safety and health workplace practices worldwide to prevent accidents before they happen. It uniquely incorporates leadership and cultural enhancement to instill a proactive approach toward risk assessment and management. The system is adaptable to the operations of all mining companies and designed to complement existing safety practices.
Peabody Energy emphasizes communications, training and prevention to drive its vision of a workplace without injuries, occupational illnesses, property damage or near misses. The company has achieved four consecutive years of record safety results. Peabody delivered its best global safety performance in 2011 with an incidence rate of 1.92 per 200,000 work hours, marking a 29 percent improvement over the prior year, and the company is in the beginning stages of implementing CORESafety.
NMA is the national trade association for U.S. mining companies that produce coal and minerals as well as equipment and service providers to U.S. mining. Find more information at www.CORESafety.org.
Peabody Energy is the world’s largest private-sector coal company and a global leader in clean coal solutions. With 2011 sales of 251 million tons and $8 billion in revenues, Peabody fuels 10 percent of U.S. power and 2 percent of worldwide electricity.
SOURCE Peabody Energy