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Peabody in danger of going under

Peabody Energy shares dropped 45% earlier this week after the company admitted it may have to file for bankruptcy protection this year if its situation does not improve.

Peabody in danger of going under Peabody in danger of going under Peabody in danger of going under Peabody in danger of going under Peabody in danger of going under

Peabody could become the latest US coal miner to file for bankruptcy (photo: PDTillman)

The US’s biggest coal miner, which has around US$900 million of available liquidity as of March 11 and has been divesting non-core assets as of late, said an independent auditors report had concluded