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Another US coal miner hits the wall

US coal miners are paying for acquisitions at the peak

Mining Journal
Even the likes of Peabody are suffering in the current price environment (photo: Peabody Energy)

Even the likes of Peabody are suffering in the current price environment (photo: Peabody Energy)

The company reached an agreement with a majority of lenders under its US$1.9 billion first lien finance facility to restructure its debt, with over 50% of holders agreeing to support a transaction to eliminate...

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