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Largest US coal miner Peabody Energy files for bankruptcy

2016-04-13 17:09:00| Climate Ark Climate Change & Global Warming Newsfeed

Economic Times: Peabody Energy, the largest US coal miner, filed for bankruptcy today, battered like the rest of the industry by competition from cheap natural gas and the global push for cleaner energy. The long-expected move made Peabody just the latest and largest of dozens of US miners to go under as the fracking revolution made cleaner natural gas cheaper to use for steel plants and power generators at the same time that demand from China's huge coal-dependent industrial sector began to fall. St Louis,...

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Category:Electronics and Electrical

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