Illinois AG Demands Peabody Show It Has $92 Million in Reclamation Funds

first_img FacebookTwitterLinkedInEmailPrint分享From the Associated Press:Illinois Attorney General Lisa Madigan has demanded that a financially shaky Peabody Energy prove it has the $92 million necessary to reclaim coalmines if it shuts down.Madigan sent a letter Monday to the St. Louis-based coal company asking it to produce details showing it has the bond amount available for its Southern Illinois coal mines.Peabody indicated to federal regulators last week that it might “not have sufficient liquidity to sustain operations.” It also delayed for 30 days an interest payment on certain borrowed money.Madigan says she’s making the request because she fears the company’s bond funds would not be sufficient to follow state law requiring used-up mining land to be returned to other uses.Madigan demands Peabody prove it has coal mine-closure money Illinois AG Demands Peabody Show It Has $92 Million in Reclamation Fundslast_img

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