Waning coal demand could force Peabody Energy to file for bankruptcy

March 16, 2016

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Peabody Energy, the world’s largest coal company, on Wednesday advised markets that it might be forced to file for bankruptcy as falling global demand for the fossil fuel affected its ability to service its substantial debt load.
In a filing with the Securities Exchange Commission, NYSE-listed Peabody blamed continued uncertainty around global coal fundamentals, the stagnated economic growth of certain significant coal-importing nations, and the potential for significant added regulatory requirements imposed on coal producers, among other matters, for creating substantial doubt whether it would be able to continue as a going concern.

Category: General