Charlotte Posted March 16, 2016 Share Posted March 16, 2016 Peabody Energy, one of the world's biggest producers of coal, has warned that it is at risk of going bankrupt in the very near future, thanks to a lack of "sufficient liquidity to sustain operations and to continue as a going concern" caused largely by the continuing downturn in the coal mining industry. In a regulatory filing on Wednesday, the US-based producer said: "There can be no assurance that our plan to improve our operating performance and financial position will be successful." Peabody has undertaken a huge program of cost-cutting in recent years to stave off a massive crash in the price of the commodity. The above appeared in a business article today. Many of us have experienced difficulty is obtaining "smithing grade coking coal" It actually looks like our difficulties will continue to increase. I posted this for your information. Quote Link to comment Share on other sites More sharing options...
Anachronist58 Posted March 16, 2016 Share Posted March 16, 2016 Thanks Charlotte, Robert Taylor Quote Link to comment Share on other sites More sharing options...
JHCC Posted March 16, 2016 Share Posted March 16, 2016 Another good reason to switch to charcoal, I suppose. Quote Link to comment Share on other sites More sharing options...
natenaaron Posted March 16, 2016 Share Posted March 16, 2016 Bummers. They are a sizable employer. Quote Link to comment Share on other sites More sharing options...
Daswulf Posted March 16, 2016 Share Posted March 16, 2016 I tried to see what states they operate out of and didn't see Pennsylvania on the list. I'm not going to worry yet. Tho it wouldn't hurt to have a little research in on a side blast charcoal forge. Quote Link to comment Share on other sites More sharing options...
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