Original article by Matt Chambers
The Australian – Page: 18 : 10-Apr-17

Peabody Energy Corporation has been reinstated to the New York Stock Exchange after emerging from Chapter 11 bankruptcy protection. Peabody has reduced costs, sold or shut down coal mines and slashed its debt by $US5bn since filing for bankruptcy in April 2016. CEO Glenn Kellow has stressed the importance of Peabody’s coking and thermal coal mines in Queensland and New South Wales, noting that its Australian operations provides the company with access to the Asia-Pacific market. He adds that Australia should consider building clean coal power stations.

CORPORATES
PEABODY ENERGY CORPORATION, NEW YORK STOCK EXCHANGE, BHP BILLITON LIMITED – ASX BHP, SOUTH32 LIMITED – ASX S32, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION