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Coal giant Peabody files for bankruptcy

2016-04-13 11:09:26| BBC News | Business | UK Edition

Peabody Energy, the world's largest privately-owned coal miner, has filed for bankruptcy protection in the US.

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Coal giant Peabody Energy files bankruptcy as 'new clean industrial era' gathers pace

2016-04-13 11:02:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Peabody Energy has today filed for Chapter 11 US bankruptcy protection, dealing a further blow to a global coal industry already reeling from low prices and tightening environmental regulations. The company said it had secured $800m in debtor-in-possession financing from secured and unsecured creditors and stressed all its mines and offices will continue to operate throughout the bankruptcy process. "Peabody believes that it has sufficient liquidity to operate its business worldwide post-petition...

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US coal major Peabody files for bankruptcy

2016-04-13 10:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: Peabody Energy, the world`s largest private coal miner, has filed for bankruptcy protection in the US. Worth almost US$20 billion in 2011, the firm`s debts ballooned over the past five years as it expanded while coal prices crashed. It cited a weak Chinese economy, competition from shale gas and "ongoing regulatory challenges" -- a nod to climate protections -- as factors. This was a difficult decision, but it is the right path forward for Peabody. We begin today to build a highly successful...

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Peabody Energy shares fall, Oracle advances

2016-03-17 22:09:56| Telecom - Topix.net

New York a Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market: The largest coal miner in the U.S. is delaying an interest payment and warned it may have to file for Chapter 11 bankruptcy protection.

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Peabody Energy warns it may file for bankruptcy protection

2016-03-16 19:36:18| Energy - Topix.net

This Oct. 19, 2009, file photo shows Peabody Energy headquarters in St. Louis. Peabody Energy, hurt by weak demand for coal, says it didn't have the cash to pay a debt payment due Tuesday, March 15, 2016, and warned that it may have to file for Chapter 11 bankruptcy protection.

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