The world’s largest private coal mining company declares bankruptcy

April 14, 2016 by  
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King Coal has seen better days. Mines are being closed, miners are facing widespread layoffs and the market price of coal has crashed over the past several years. The War on Coal just claimed one of its most dramatic casualties, Peabody Energy. The largest private coal mining company, Peabody has filed Chapter 11 bankruptcy for most of its American divisions. Although the company will carry on in a reorganized form, this development represents the major shift away from coal that is happening across the globe. Read the rest of The world’s largest private coal mining company declares bankruptcy

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The world’s largest private coal mining company declares bankruptcy

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