World's largest coal producer suspends payments

The catastrophe in the coal sector has been looming for a long time, following price plunges of up to 75 percent since 2011. In what observers call the most severe example ever of a sector in decay, US coal producer Peabody has now given up.

BY MATHIAS ØRSBORG JOHANSEN, ENERGIWATCH

US coal giant, Peabody Energy Corp., has thrown in the towel after a long battle against the declining market, report several international media sources.

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