Loading...
  • Reuters14 hours ago

    Bankrupt coal giant turns to grass in Wyoming to cut liabilities

    A squad of about ten Peabody Energy Corp. miners clad in steel-toed boots and hard hats climbed into massive bulldozers on a recent morning, ready to create rolling hills of grass over former pits at the Rawhide coal mine in Wyoming. In the midst of a deep coal downturn and widespread layoffs, the staff that remains at Rawhide is spending more time in 2016 on landscaping than mining. "We're probably going to do four times the amount this year than we would normally do," said Mary DeRudder, a 30-year veteran coal miner at Rawhide, which saw its workforce cut by more than half to 95 since jobs peaked at 225 in 2012.

  • Market Realist3 days ago

    Why Should You Watch Peabody Energy’s Leverage and Liquidity?

    According to the latest company filings, the book value of Peabody Energy’s (BTUUQ) debt is about $7.5 billion. Of that, about $1.5 billion is due for payment in November 2018.