Peabody Energy

A large dump truck dwarfs a nearby vehicle

Financiers Back Away From Coal Ventures, See No Clear Future

U.S. coal industry is facing tough times as one by one files Chapter 11. Due to high debts, decline in demand and stricter regulations, most have no other choice but to shut down. Lately, Peabody Energy announced that it may go bankrupt.

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Bankruptcy Looms Over Peabody Energy, Files Chapter 11 Sooner or Later

Peabody is facing difficulties as it shares declined sharply the past year. It is considering to file Chapter 11 sooner or later to protect it from creditors while restructuring the company and recovers from the large loss.

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Peabody Energy Corp

Peabody Energy form joint venture with China's Shenhua Group

Peabody Energy and Shenhua Group formed a joint venture firm, Sino-Pacific Coal Trading Corporation Pte Ltd, to provide Shenhua with coal from the platform of Peabody.

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Peabody Energy

Peabody’s settlement for Patriot Coal retirees rejected

The proposed settlement for healthcare benefits claim of Peabody Energy Corp was rejected by the United Mine Workers of America.

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