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Today's Headlines Glenn Kellow

  • Coal Mining News: Peabody Energy Files for Chapter 11 Bankruptcy

    Coal Mining News: Peabody Energy Files for Chapter 11 Bankruptcy

    The world's number one privately-owned coal producer, US-based Peabody Energy Corp, filed for bankruptcy protection on Wednesday (13/04) after its debt burden became too high amid recent expansion efforts, a cancelled asset sale, and slumping coal prices. All of the miner's offices and mines will continue operations as usual during the bankruptcy process. The case of Peabody Energy is one of the world's largest ever bankruptcy cases in the commodities sector. Trading of Peabody Energy's shares has been suspended immediately.

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