Peabody focuses on reclaiming stripped land to cut $1.2 billion liability

Peabody Energy Corp. is focusing more resources on reclaiming land stripped by mining as part of an effort to cut down its $1.2 billion liability for environmental cleanup costs.

In Gillette, Wyo., workers at Peabody’s Rawhide coal mine are spending more time this year on replanting grass over former pits than on mining, Reuters reports. Peabody, the St. Louis-based coal company that filed for Chapter 11 bankruptcy in April, plans to create hills on 400 acres of former pits at Rawhide this year, three times the average of what it did between 2013 and 2015, and the company plans to plant seed to return a third of that land into habitats for cattle and antelope.

Peabody also has applied to regulators for approval of its reclamation of about 8,000 acres of land at its North Antelope Rochelle mine south of Rawhide. If the application is approved, Peabody could cut millions of dollars of environmental liabilities from its books.

Read more: St. Louis Business Journal


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