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Peabody restructures finances

US COAL giant Peabody Energy, which operates several mines in Queensland and New South Wales has rejigged its finances to get greater financial and operational flexibility.

Noel Dyson
Peabody Energy's Coppabella coal mine in Queensland.

Peabody Energy's Coppabella coal mine in Queensland.

The company announced it had completed an amendment to its senior secured term loan to lower its interest rate and modify its terms. The senior secured term loan will now bear interest at a rate of the...

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