The Wire

A team of environmental groups have alerted the business regulator ASIC to the potential risk flailing miner Peabody Energy poses to its Australian creditors, after recording an annual loss of more than $700 million last year. Environmental Justice Australia and Greenpeace also raise the spectre of Peabody not being able to pay its Australian employees’ redundancies in the event of bankruptcy and have raised concerns whether they’ve given state governments enough money to rehabilitate its mine sites.

Peabody Energy Statement