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Peabody scrambles for margin cover

US coal miner Peabody Energy has secured US$150 million in financing from Goldman Sachs to cover potential losses on its coal hedge position.

Peabody scrambles for margin cover Peabody scrambles for margin cover Peabody scrambles for margin cover Peabody scrambles for margin cover Peabody scrambles for margin cover

Peabody in costly coal hedge

Peabody held a total of 2.3 million tonnes of coal in coal derivative contracts, 1.

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