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Peabody Energy files for bankruptcy

The current slump in coal prices has seen US mining giant Peabody Energy file for bankruptcy protection. The world’s biggest coal miner made the announcement yesterday, but has assured its...

Peabody sells Wilkie Creek Mine

Peabody Energy has confirmed this week that it has entered into a sale and purchase agreement with Sekitan Resources Pty, Ltd., a wholly owned subsidiary of Exergen Pty, Ltd., to sell Peabody’s...

Peabody announces 250 corporate jobs to be axed

Peabody Energy president and CEO Glenn Kellow announced plans to reduce about 250 corporate and regional positions in coming months to “create a leaner organization and lower costs”. When...

Ex-cyclone Oswald shuts Qld coal mines

Production at several coal mines in Queensland’s Bowen Basin has been disrupted, with some mines closed temporarily, due to flooding and torrential rain delivered by ex-tropical cyclone Oswald. Mines...

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