New York — Peabody Energy reported its biggest loss ever after writing down more than half the value of its North Antelope Rochelle mine in Wyoming.
The largest US coal producer took a $1.42bn impairment charge on the sprawling surface operation, leading to a second-quarter net loss of $1.54bn, according to a statement Wednesday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.