Original article by James Thomson, Peter Ker
The Australian Financial Review – Page: 17 : 14-Apr-16

The Minerals Council of Australia’s Greg Evans says the local operations of US-based Peabody Energy are unlikely to be affected by its move to seek bankruptcy protection. The debt-laden coal miner has stressed that its Australian business is not subject to the Chapter 11 filing. Peabody boasts debt of about $US6.bn (A$8.2bn), and it has been hard hit by the downturn in coal prices.

CORPORATES
PEABODY ENERGY CORPORATION, PEABODY ENERGY AUSTRALIA COAL PTY LTD, MINERALS COUNCIL OF AUSTRALIA, EXCEL COAL LIMITED, MACARTHUR COAL LIMITED, ARCH COAL INCORPORATED, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE