Mining Weekly reported that Peabody Energy reported a $1 billion loss in Q4 2012, and expects to bleed further in the current quarter before beginning to rebound, with an increase in prices to steel-making coal.
As quoted in the market report:
Peabody, the world’s largest private sector coal miner, said it expected earnings to rise due to higher volumes and prices at its Australian mines as well as lower production costs.
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