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Peabody: Chapter 11 A Possibility
Updated March 23, 2016 6:31 AM | Filed under: Business
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(UNDATED) - Several Indiana coal mines could be feeling the pinch soon after their company said Chapter 11 bankruptcy is a possibility.

Missouri-based Peabody Energy Corp., which has six mines in southwestern Indiana, reported losses of more than $2 billion in 2015, citing a decline in coal consumption and prices.

Among its Indiana operations is Bear Run Mine, which Peabody says is the largest surface mine in the eastern United States.

So far, no plans have been made public to sell or shut down any mines in Indiana.



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