Coal giant Peabody posts $2.7 billion Australian loss

The bad news continues for mining giant Peabody Energy with financial statements showing the company’s Australian arm Peabody Australia Holdco losing 2.7 billion dollars last year.

It’s a big increase on its 1.2 billion dollar loss in 2014.

After speculation earlier in the year, its American parent company filed for chapter 11 bankruptcy in April – but not before loaning its Australian arm $250 million in debt.

At this point though, can Peabody go on in Australia?

 

Producers:

• Steven Riggall

Speakers:

• Institute for Energy Economics and Financial Analysis
• Tim Buckley - Australasian Director of Energy Finance Studies