23
Aug
21:14
Peabody, Illinois reach mine remediation agreement
Bankrupt US metallurgical and thermal coal supplier Peabody Energy has inked a settlement with the Illinois Department of Natural Resources over the company’s mine remediation program, Kallanish reports.
Peabody, which declared bankruptcy in April and subsequently sold off about $76.37 million in Australian metallurgical coal assets, will give a portion of its debtor-in-possession financing to Illinois as assurance of its mine remediation priorities. Simil…
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Very good overview of the weekly steel market.
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