Friday, May 29, 2020

Bankrupt Coal Miner Peabody's Business Plan gets Nod

Posted by August 10, 2016

U.S. coal miner Peabody Energy Corp said its business plan was approved by its debtor-in-possession lenders, clearing the first step towards emerging from Chapter 11 bankruptcy.

The company said on Wednesday it would also review its assets in Australia to run a "smaller but more profitable" business in the country.

Reporting by Amrutha Gayathri

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