Cecilia Jamasmie , Editor-in-Chief

Posts by Cecilia Jamasmie:

Patriot Coal goes bankrupt

Patriot Coal confirmed Monday what everyone already knew: the company is headed to bankruptcy, causing shares to implode in regular trading and continue to fall after hours.
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Anglo American sells coal assets to Peabody for $3.8bn

The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.