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Peabody skips to Chapter 11

It only took a month for Peabody Energy to go from being at high-risk of default to administration, with the company’s announcement of a voluntary Chapter 11 move making it the biggest victim of coal’s severe market downfall.

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There is a huge wall of coal available globally, but nobody to buy it

The company, the US’s biggest coal miner and one of the largest in the globe at the peak of the thermal coal market, has tried to put a brave face on its filing, saying its actions would set the