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Biggest US coal miner on brink of bankruptcy

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Published Thu, Mar 17, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    New York

    WELCOME to the twilight of American coal.

    Peabody Energy Corp, the nation's biggest miner, is on the verge of bankruptcy, crippled by US$6.3 billion in debt. The company's announcement on Wednesday that it may file sent a decisive signal to the market: The US coal industry is still too big.

    Coal

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