Changes

In its 2010 annual report Peabody reported that in 2009 "the Company recognized an impairment loss of $34.7 million related to its interest in Carbones del Guasare based on the joint venture’s deteriorating operating results (resulting in 2009 equity losses of $19.9 million), ongoing cash flow issues resulting in no dividend payments since January 2008, the Company’s expectations concerning ongoing operating and cash flow issues for the joint venture and uncertainty impacting recoverability of this investment."<ref name="Peabody10Peabody10k">Peabody Energy, [http://tinyurl.com/3u9mam5 "10K"], Peabody Energy, March 2011, page F-8. (Pdf)</ref>