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Coal giant Peabody Energy seeks bankruptcy protection
Published Thu, Apr 14, 2016 · 09:50 PM
New York
PEABODY Energy, the world's largest publicly owned coal producer, with mines around the world from Australia to the United States, filed for bankruptcy protection in the United States on Wednesday.
The company was weighed down by the collapse of coal prices, increasing competition from natural gas and tightening regulations to control climate change.
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