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Leading global coal miner Peabody files for bankruptcy

by April 13, 2016 General

Traders work at the post where Peabody Energy is traded on the floor of the NYSELeading global coal producer Peabody Energy Corp (>> Peabody Energy Corporation) filed for U.S. bankruptcy protection on Wednesday after a sharp drop in coal prices left it unable to service debt of $10.1 billion, much of it incurred for an expansion into Australia.