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Peabody slumps on lower coal volumes

US company emphasises 'value over volume' and is targeting lower 2019 US thermal sales

Henry Lazenby
Peabody Energy expects to reduce production and sales of higher-quality, higher-cost coal from its North Antelope Rochelle mine

Peabody Energy expects to reduce production and sales of higher-quality, higher-cost coal from its North Antelope Rochelle mine

However, the US coal miner lost some of its year-to-date momentum (+17.6%) on the NYSE, which saw the stock fall 10.6% or $3.80 to $32.05 on Wednesday, as lower metallurgical coal and US thermal volumes...

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