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The Australian operations of coal giant Peabody Energy will continue to trade as normal despite the group filing for Chapter 11 bankruptcy protection in the United States.
"No Australian entities are included in the filings, and Australian operations are continuing as usual," the company said.
Peabody said its Australian operations had in 2015 earned more than the prior year, despite falls in the price of coal.
Federal Resources Minister Josh Frydenberg said Peabody's local boss had made very clear that no Australian entities are included in the filing and Peabody plans for their Australian operations to continue as per usual.
Minerals Council coal expert Greg Evans said there were few, if any implications for the Australian coal industry out of Peabody's filing.
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http://www.smh.com.au/business/ener...ody-files-for-bankruptcy-20160413-go5jsn.html
Peabody Bankruptcy, page-7
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