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Bankrupt Coal Miner Peabody's Business Plan gets Nod

Posted by August 10, 2016

U.S. coal miner Peabody Energy Corp said its business plan was approved by its debtor-in-possession lenders, clearing the first step towards emerging from Chapter 11 bankruptcy.

The company said on Wednesday it would also review its assets in Australia to run a "smaller but more profitable" business in the country.


Reporting by Amrutha Gayathri

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