Peabody mine not slated to start up this year

Gillette, Wyo. – Peabody Energy's proposed School Creek coal mine in the southern Powder River Basin remains on the drawing board but does not appear to be in line to start up this year.

The St. Louis-based coal company has been tightlipped about its plans for the mine in northeast Wyoming since it was first announced it in 2006.

But Peabody CEO Greg Boyce told investors during a conference call this week that the company has not included the new mine in any of its 2008 production figures.