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Peabody’s US coal markets in dramatic decline; headwinds in Australia too.
Peabody Q2 results a disaster, including $1.4 billion write down of its North Antelope Rochelle PRB mine.
US court blocks transforming Peabody/Arch thermal coal JV.
Class action concerning Peabody’s North Goonyella Australian mine shutdown.
Crises on all fronts for Peabody Energy, which emphasizes base load power when large inflexible power generation is becoming outmoded, means that it is not a time to consider investment.