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Peabody, largest US coal miner, seeks bankruptcy protection
Associate Press (AP) ^ | 13 April 2016

Posted on 04/14/2016 4:24:31 PM PDT by Lorianne

Peabody Energy, the nation's largest coal miner, has filed for bankruptcy protection as a crosscurrent of environmental, technological and economic changes wreak havoc across the industry.

Mines and offices at Peabody, a company founded in 1833 by 24-year-old Francis S. Peabody, will continue to operate as it moves through the bankruptcy process. However, Peabody's planned sale of its New Mexico and Colorado assets were terminated after the buyer was unable to complete the deal.

The company's bankruptcy filing comes less than three months after another from Arch Coal, the country's second-largest miner, which followed bankruptcy filings from Alpha Natural Resources, Patriot Coal and Walter Energy.

(Excerpt) Read more at bigstory.ap.org ...


TOPICS: Business/Economy; US: West Virginia
KEYWORDS: coal; energy

1 posted on 04/14/2016 4:24:31 PM PDT by Lorianne
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To: Lorianne

Another Obama campaign promise fulfilled.


2 posted on 04/14/2016 4:25:15 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Lorianne

All in line with the Obama economic plan to drive the country into bankruptcy.


3 posted on 04/14/2016 4:26:12 PM PDT by kaehurowing
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To: Lorianne

I’m sorry, my son, but you’re too late in askin’...


4 posted on 04/14/2016 4:27:24 PM PDT by PlateOfShrimp
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To: kaehurowing

In three years from now, coal will be the new gold. It will be bought up this year after bankruptcy sales for five cents on the dollar. Inflation will explode soon.


5 posted on 04/14/2016 4:36:21 PM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: Lorianne

I hope the next President holds Obama and his minions criminally liable for their war against this country.


6 posted on 04/14/2016 4:40:50 PM PDT by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
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To: Lorianne

The Kenyan bastard. This is going to put a lot of Native Americans out of a job. I wonder if he’s still their boy.


7 posted on 04/14/2016 4:41:14 PM PDT by FlingWingFlyer (The DNC's Boston Globe really sucks. All the BS about global warming and now more about Trump.)
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To: Lorianne

“Paradise”

When I was a child my family would travel
Down to Western Kentucky where my parents were born
There’s a backwards old town that’s often remembered
So many times that my memories are worn.

And daddy, won’t you take me back to Muhlenberg County
Down by the Green River where Paradise lay?
Well, I’m sorry, my son, but you’re too late in asking
Mr. Peabody’s coal train has hauled it away.

Well, sometimes we’d travel right down the Green River
To the abandoned old prison down by Adrie Hill
Where the air smelled like snakes and we’d shoot with our pistols
But empty pop bottles was all we would kill.

And daddy, won’t you take me back to Muhlenberg County
Down by the Green River where Paradise lay?
Well, I’m sorry, my son, but you’re too late in asking
Mr. Peabody’s coal train has hauled it away.

Hey!

Then the coal company came with the world’s largest shovel
And they tortured the timber and stripped all the land
Well, they dug for their coal till the land was forsaken
Then they wrote it all down as the progress of man.

And daddy, won’t you take me back to Muhlenberg County
Down by the Green River where Paradise lay?
Well, I’m sorry, my son, but you’re too late in asking
Mr. Peabody’s coal train has hauled it away.

When I die, let my ashes float down the Green River
Let my soul roll on up to the Rochester dam
I’ll be halfway to Heaven with Paradise waitin’
Just five miles away from wherever I am.

And daddy, won’t you take me back to Muhlenberg County
Down by the Green River where Paradise lay?
Well, I’m sorry, my son, but you’re too late in asking
Mr. Peabody’s coal train has hauled it away.


8 posted on 04/14/2016 4:45:59 PM PDT by bert ((K.E.; N.P.; GOPc;+12, 73, ....carson was my guy but now is a Trumplican)
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To: bert

We think alike.

https://www.youtube.com/watch?v=DEy6EuZp9IY


9 posted on 04/14/2016 5:00:18 PM PDT by VerySadAmerican (Never held a job in the private sector;never met a payroll,never created a job - CRUZ! Conservative!)
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To: VerySadAmerican

This a darn good video someone put together.


10 posted on 04/14/2016 5:03:49 PM PDT by VerySadAmerican (Never held a job in the private sector;never met a payroll,never created a job - CRUZ! Conservative!)
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To: Lorianne

bammy’s happy.


11 posted on 04/14/2016 5:12:13 PM PDT by I want the USA back (The further a society drifts from the truth, the more it will hate those who speak it. Orwell.)
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To: Lorianne

Peabody had one if the best, if not the best, corporate safety records. Also, they made money until recently.


12 posted on 04/14/2016 7:47:11 PM PDT by JimSEA
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To: bert

love me some Prine!


13 posted on 04/14/2016 7:53:45 PM PDT by sdpatriot ("Thank you very much, sdpatriot!! Smooch!" - from JR - send him a buck!!!!)
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To: VerySadAmerican

This is the Paradise Steam Plant. I was a contractor there back in the late 60's. Froze my butt off

14 posted on 04/15/2016 3:26:34 AM PDT by bert ((K.E.; N.P.; GOPc;+12, 73, ....carson was my guy but now is a Trumplican)
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