Peabody’s margin call is one of the flashiest examples of how the volatility sweeping commodity markets will slam companies that are holding wrong-way bets.
To boost coal use in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it’s not particularly windy and it’s dark much of the year.
The company says it has seen a significant improvement over the past year, with prices up about 20%, but believes conditions are not where they need to be to restart idled capacity.
A Yancoal spokesman said that its Moolarben Coal complex had been directly impacted by the train derailment but that it was too early to advise of any potential impact to customers