14. N aquifer Water Level Recovery - Kayenta Mine Wellfield Navajo Well Water Level (feet below ground surface) Time Period Navajo Well 3OBS Navajo Well 6OBS 2005 Mean Static Level 1155.0 1344.0 End of 2006 1059.2 1262.6 End of 2007 1017.3 1206.1 End of 2008 992.1 1184.6 End of 2009 981.4 1191.3 End of 2010 964.6 1180.0 Total Recovery 190.4 171.0
Thank you (Gerard) and good morning. It is a pleasure to be here, to share my view of the fundamentals for the coal industry. I will make many observations and one overriding point: We may well be in the early stages of a 30-year supercycle for the global coal markets. Coal fuels electricity for basic needs. It provides the steel that is the foundation for strong societies. And it is the only sustainable fuel that can provide low-carbon energy at scale. Coal’s vast reach is particularly crucial when you consider the other side of our ultimate value chain… 3.6 billion people around the world lack adequate access to electricity right now. Another 2 billion will require electricity in the next 20 years based on population forecasts. So in as little as 20 years, the world will need additional electricity for the approximate equivalent of our today’s global population. Add the pronounced effects of dramatic steel production to accommodate billions of people entering middle class status… and you have unshakeable demand for coal that will continue for many, many years. The world has trillions of tons of coal available around the world… and we will use them all.
Let’s go back to Black Mesa… so named for the pinyon and juniper woodlands that give the mesa a dark appearance. As you can see, this area is steeped in tradition. Many families still make their livelihood in a traditional way… running cattle and sheep. Years ago, all the locals used to go to Grandma Etcitty, the woman you see holding the baby lamb… for help breaking wild horses. Laura still gets up before dawn every morning to tend her flock... on reclaimed lands. The Black Mesa is a special place, and Peabody has operated there in partnership with the Navajo and Hopi for nearly 40 years, creating hundreds of jobs and tens of millions of dollars in annual tribal revenues. Our team has developed a first-of-its-kind program to restore plants and herbs for ceremonial and medicinal needs, and reclaimed lands are up to 20 times more productive for grazing than native range. These collective efforts were recently honored as a global example for sustainability, through the Energy Globe Awards in Brussels. We were recognized among hundreds of projects from around the world.
Thank you (Gerard) and good morning. It is a pleasure to be here, to share my view of the fundamentals for the coal industry. I will make many observations and one overriding point: We may well be in the early stages of a 30-year supercycle for the global coal markets. Coal fuels electricity for basic needs. It provides the steel that is the foundation for strong societies. And it is the only sustainable fuel that can provide low-carbon energy at scale. Coal’s vast reach is particularly crucial when you consider the other side of our ultimate value chain… 3.6 billion people around the world lack adequate access to electricity right now. Another 2 billion will require electricity in the next 20 years based on population forecasts. So in as little as 20 years, the world will need additional electricity for the approximate equivalent of our today’s global population. Add the pronounced effects of dramatic steel production to accommodate billions of people entering middle class status… and you have unshakeable demand for coal that will continue for many, many years. The world has trillions of tons of coal available around the world… and we will use them all.