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Peabody hit by 'brutal' coal market

Cost cutting and reorganisation still not enough for US-based coal miner

Mining Journal
Peabody has impaired its Australian metallurgical coal assets by close to $1 billion

Peabody has impaired its Australian metallurgical coal assets by close to $1 billion

The St Louis-based miner made a US$2.04 billion loss in 2015, compared with a $787 million loss the previous year, with impairment charges linked mainly to its Australian metallurgical coal assets clocking...

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