Peabody Energy’s demise parallels the decline of King Coal.

Peabody Energy’s demise parallels the decline of King Coal.

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Peabody Energy has been a powerhouse of the global coal industry, the world’s biggest coal miner.

But now it is on the verge of bankruptcy in the United States, brought down by the slump in the price of coal and its decision to takeover Australian coal miner, Macarthur Coal, in 2011.

Source:: Daily Climate

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