America's biggest coal miner hops onto comeback wagon

New York

PEABODY Energy Corp, America's largest coal miner, is back.

After almost a year in bankruptcy, the St Louis-based giant began trading again on the New York Stock Exchange on Tuesday. Its return to Wall Street comes as the entire US coal sector is staging a comeback amid growing interest from investors.

Hours after ringing the opening bell at the exchange, Peabody chief executive officer Glenn Kellow laid out a strategy that focuses on shareholder returns over boosting output.

A more favou…