peabody Tag

South32 (ASX, LSE, JSE:S32) has completed a US$200 million purchase of Peabody Energy’s Metropolitan Colliery in New South Wales, Australia. The Australian-based BHP Billiton spin-off, which had been on the hunt for new assets to add to its portfolio for some time, added that the deal...

The world’s largest privately-owned coal company Peabody Energy Corp (NYSE:BTU) has filed for bankruptcy protection in the US. The Chapter 11 bankruptcy claim comes as dwindling coal prices resulted in the company being unable to service a recent debt-funded expansion into Australia. Although Peabody said in a...