- Associated Press - Thursday, April 14, 2016

STEAMBOAT SPRINGS, Colo. (AP) - Officials with Peabody Energy say they expect mine operations to continue as usual in the wake of bankruptcy filings.

The Steamboat Pilot & Today newspaper reports (https://bit.ly/1VrRDMq ) that Peabody’s Director of Colorado Government Relations Mike Blank wrote in an email to State Rep. Diane Mitsch Bush that the bankruptcy proceedings will not affect operations in northwest Colorado, including at the Twentymile Coal Company, which employs about 300 people.

Peabody officials say employees will continue to receive their normal benefits and salaries ad that all of the companies American mining operations are cash-flow positive.

Peabody Energy Corp., based in St. Louis, filed for Chapter 11 bankruptcy protection Wednesday in the United States Bankruptcy Court for the Eastern District of Missouri.


Information from: Steamboat Pilot & Today, https://steamboatpilot.com/

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide