October 18, 1999  Peabody Holding Company Inc.

Peabody Holding Company Inc. has agreed to pay $11 Million Dollars to settle claims under the False Claims Act that it underpaid coal royalties due to the government. The settlement resolves claims that against Peabody, its subsidiary, Powder River Coal Company of Gillette, Wyoming and two former affiliates, North Antelope Coal Company and Rochelle Coal Company,  underpaid royalties due to the government for coal produced on federal land leases at North Antelope’s mine near Gillette from July 1, 1989 to September 31, 1994.

See U.S. Dept of Justice Press Release 10/18/99

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