COAL
US coal producer Peabody Energy on Thursday reported disappointing first-quarter earnings as weak coal prices persisted, translating into a wider-than-expected loss.
For the three months ended March 31, St Louis, Missouri-based Peabody more than doubled its loss attributable to shareholders to $48.5-million, or $0.18 a share, from $23.4-million, or $0.09 a share a year earlier.
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