bankruptcy
Peabody Energy Files For Chapter 11 Bankruptcy
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Peabody Energy, the country’s largest coal company, filed for Chapter 11 bankruptcy protection Wednesday.
Inside Energy (https://insideenergy.org/tag/peabody-energy/page/2/)
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.
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.
A review of some of the major energy stories of the week.