Market rumours point at South32 as the most likely buyer, since the miner decided last month to ditch its $200 million acquisition of Peabody Energy’s coal mine in New South Wales.
Peabody Energy Mining News
South32 buys stake in Canada’s Arizona Mining for $81 million
The Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share, or about 15% of Arizona Mining’s outstanding shares.
South32 drops $200 million plan to buy Peabody coal mine
The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.
Coking coal price close to $300 a tonne on Australian disruptions
Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.
South32 looking for more coking coal mines
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
South32 scoops up Peabody's Metropolitan coal mine in $200m deal
The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.
Peabody Energy in restructuring talks with lenders, stakeholders — sources
Peabody circulated a term sheet last week that implied the first lien debt would be impaired, prompting an organizational push, MINING.com has learned.
Lenders throw a lifeline to bankrupt Peabody Energy
The coal giant also said it would review its assets in Australia to run a smaller but "more profitable" basis.
Alpha Natural Resources, Arch Coal near bankruptcy exit deals
Alpha, which filed for bankruptcy in August last year, is scheduled to ask a federal judge Thursday to approve its exit plan despite objections to it.
These five coal miners spent $95 million on lobbying before going bankrupt
Report claims that Walter Energy, Patriot Coal, Alpha Natural Resources, Arch Coal and Peabody Energy also allocated more than half a billion dollars for top executives salaries in decade before going bankrupt.
Clinton begins touring core of US struggling coal industry
She is still trying to recover from her televised comments in March, when she said she would put coal companies and miners out of business.
US coal giant Peabody Energy files for bankruptcy
Peabody's bankruptcy filing is one of the largest in the commodities sector since commodity prices began to fall in the middle of 2014.
Bankruptcy looms for world's largest private coal miner
"Substantial doubts" St-Louis-based Peabody Energy with history traced back to 1883 can continue as going concern after missing payment on $6 billion debt.
America's top coal producers of 2015
These mines accounted for more than one quarter of U.S. coal production in 2015.
Former Aussie coal magnate Nathan Tinkler buys Anglo American mine
The Dartbrook coal mine has been mothballed since 2006, when Anglo placed it in care and maintenance.
Peabody Energy to disclose more climate risks to investors
Peabody’s concessions came in response to a probe that found the company had not been forthright with investors and regulators about threats to its business.
Coal shares jump after U.S. Supreme Court rejects mercury rule
Beleaguered U.S. coal producers were thrown a lifeline after the Supreme Court struck down the Obama administration’s rule on mercury and acid gases from power plants.
Coal miners First Arch, Peabody hit by lawsuits over retirement plans
Both saw their stock collapse not just on these news, but also amid concerns that they will have to pay more for insurance that covers environmental damage.
Lower gas prices weigh on Peabody’s weak results, expected coal demand
The U.S. No.1 coal producer projects a much wider-than-expected loss for the current quarter.
Peabody swings to loss as coal prices plunge
While coal sales have shown some signs of a rebound, low natural-gas prices continue to pressure the fossil fuel demand and pricing.
Coal exporters not backing down despite glut; could China enter the market too?
No signs of production slowdown in major coal-exporting countries.
Nathan Tinkler's $150 million Wilkie Creek coal mine on track
The former billionaire denied media reports saying his $150 million agreement to buy coal mine could be delayed or derailed because he has not satisfied contractual financing conditions.
US railroads to struggle with summer coal demand
Even if the railroad capacity problem is fixed, mine capacity may not be able to grow fast enough to meet demand, say experts.
