US coal producer Peabody Energy has reported a net loss of $518-million, or $28.43 a share for the three months ended December 31, as slowing global economic growth drove a wide range of commodity prices lower in 2015, resulting in the largest broad commodity market decline since 1991.
Seaborne coal prices continued to fall in 2015 as a reduction in Chinese imports more than offset supply cutbacks, and US coal demand was impacted by lower natural gas prices.
