US-based coal mining company Peabody Energy Corp is facing a major problem over its $1.47-billion self-bonding practice. The coal miner has been negotiating with debtors for several months. Certain groups are criticizing the self-bonding practice, lodged complaints in courts against Peabody Energy Corp.
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Because of the uncertainty as to the result of the case filed in court, the deadline of the merger between the two airlines was sought to be extended.
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