SOCORRO, N.M. October 16, 2009 – Peabody Coal recently donated $20,000 to the mineral engineering department, adding to their already existing scholarship endowment fund, which supports New Mexico Tech students.
“Peabody Coal has been a great supporter of the mineral engineering department and New Mexico Tech over the years,” mineral engineering department chair Dr. Navid Mojtabai said. “We appreciate the companies continued support of our program and their willingness to maintain a scholarship fund at New Mexico Tech.
Peabody Coal regularly employs New Mexico Tech students as summer interns, and often hires New Mexico Tech graduates as engineers from a variety of disciplines.
Peabody Coal has 30 surface and underground mining operations, including two mines in western New Mexico near Grants.
Located about 35 miles northwest of Grants, Lee Ranch Mine was opened in 1984. Lee Ranch Mine shipped 3.4 million tons in 2008 to power plants in New Mexico and Arizona. Peabody Coal opened El Segundo Mine adjacent to the Lee Ranch. The surface operation is ramping up to produce 6 million tons of medium sulfur coal annually to serve a 19-year contract, according to the company’s website.
Lee Ranch has been honored more than 12 times as New Mexico's safest coal mine. Lee Ranch Mine also received the 1994 Excellence in Surface Mining Reclamation Award from the U.S. Department of the Interior’s Office of Surface Mining.
Peabody Coal is the only U.S.-based coal company with operations in Australia, the world's largest coal exporting nation. One of the largest coal trading companies in the world, Peabody also has a growing presence in China and Mongolia.
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