- 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.
For further details see:
Peabody Energy: Coal On The Ropes