- Published: Monday, 03 October 2016 11:19
- Written by E&MJ News
As it continues to move ahead toward emerging from Chapter 11 bankruptcy, Peabody Energy said August 10 that the business plan that will set the basis for its plan of reorganization has been approved by its debtor-in-possession (DIP) lenders. In its plan, Peabody has projected sales volumes of 168 million tons this year. It will rise to between 194 and 197 million tons annually between 2018 and 2021. Revenues will hold stable at $4.4–$4.6 billion.