Insurance group seeking payment of Peabody rehab bonds

AMERICAN insurance group Argonaut wants back the US$202 million from Peabody Energy that it had offered as surety funds for rehabilitation of its coal mines in New South Wales and Queensland.

sponsored-logo
Insurance group seeking payment of Peabody rehab bonds Insurance group seeking payment of Peabody rehab bonds Insurance group seeking payment of Peabody rehab bonds Insurance group seeking payment of Peabody rehab bonds Insurance group seeking payment of Peabody rehab bonds

The company was seeking a mutually agreeable solution with Argonaut.

Argonaut filed a claim against Peabody in a Missouri court late last week after the coal miner only repaid a portion of the $202 million.

Of the $202 million, 10 bonds worth a cumulative $48.