Sentences with phrase «metallurgical coal assets»
The price of metallurgical coal has fallen 75 percent since the deal, and Peabody was forced to take a $ 700 million writedown on its Australian metallurgical coal assets last year.
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The company, one of the largest metallurgical coal producers in the U.S., had nearly as much in debt as it had assets and, thanks to plummeting prices, its balance sheet was simply under too much pressure.