Coal news and updates

Peabody, Coronado in Merger Talks After Global Coal Price Surge

·         Australia’s Coronado says in talks with biggest US producer

·         Prices surged to records after Russia’s invasion of Ukraine

Peabody Energy Corp., the largest U.S. coal producer, and Coronado Global Resources Inc. are in talks to merge, according to the Australian miner.

“Coronado confirms that it is in confidential discussions with Peabody regarding a potential combination transaction,” Brisbane-based Coronado said in a regulatory filing, adding it was responding to a report in The Australian newspaper. “However, as no transaction has been agreed and the discussions are ongoing, Coronado is not yet in a position to provide further details.”