Peabody faces further challenges to mine self-bonding

A second environmental group is challenging whether St. Louis-based Peabody Energy has sufficient funds to guarantee the reclamation of mines that close.

The Environmental Law and Policy Center in Chicago asked state and federal regulators on Friday to stop allowing Peabody to use self-bonding, which allows companies to avoid posting conventional bonds by showing they have sufficient resources to pay for cleanup at mines that close, for its sites in Illinois and Indiana. Earlier last week, another environmental group, WildEarth Guardians, filed a similar complaint regarding the company’s self-bonding mines in Wyoming and the Rocky Mountain region.

Last week, Peabody reported a 2015 net loss of $2 billion.

Read more: St. Louis Business Journal


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