bankruptcy
4 Things To Know About Peabody Energy’s Bankruptcy
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Peabody Energy has declared bankruptcy, making it just the latest of the coal giants to go under. What does it mean?
Inside Energy (https://insideenergy.org/series/coal-watch/page/5/)
The coal industry is in transition, challenged by a natural gas boom and regulations aimed at reducing carbon emissions. We are covering from ground zero, in Wyoming, where 40 percent of the nation’s coal is mined.
Peabody Energy has declared bankruptcy, making it just the latest of the coal giants to go under. What does it mean?
Peabody Energy, the country’s largest coal company, filed for Chapter 11 bankruptcy protection Wednesday.
An interactive timeline detailing the collapse of Peabody Energy, the world’s largest coal company.
In the wake of mass layoffs at the country’s two biggest coal mines, miners and the State of Wyoming alike are wondering what’s next.
The country’s two largest coal mines are each laying off roughly 15 percent of their employees. Peabody Energy and Arch Coal both announced the layoffs Thursday morning. The cuts will affect roughly 235 workers at Peabody’s North Antelope Rochelle mine and 230 at Arch’s Black Thunder mine.
Alpha Natural Resources is asking a bankruptcy judge for permission to cancel certain labor union agreements and to cut retiree benefits.
Recent court documents show that Arch Coal paid executives more than $8 million in bonuses just days before the company declared bankruptcy.
In financial documents filed this week, one of the largest coal companies in the world warned that it may file for bankruptcy, in part, because the company may not be able to make upcoming debt payments.
Coal giant Peabody Energy announced plans to cut jobs at its Caballo and Rawhide mines near Gillette Thursday.
Alpha Natural Resources filed a plan today outlining how it hopes to emerge from bankruptcy. At the heart of the plan is a proposal to sell the company’s core assets, including its Wyoming mines.