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Peabody begins permitting process for Ind. coal surface reserve

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Peabody begins permitting process for Ind. coal surface reserve

Peabody Energy Corp. has begun the permitting process for a coal surface reserve in Warrick County, Ind., that could produce nearly 1 million tons of high-sulfur coal per year, S&P Global Platts reported Dec. 15.

United Minerals Co. LLC, a now-defunct subsidiary of Peabody, had previously sought regulatory approval for the High Point thermal coal surface reserve in hopes of beginning work in 2015.

The report quoted Peabody spokesman Travis Snyder as saying the reserve would be developed as part of the company's existing Wild Boar surface mining operation in Warrick County.

Peabody, which filed for Chapter 11 bankruptcy protection in April, is nearing emergence and disclosed Dec. 15 that it received approval Dec. 14 for early payment from the U.S. Bankruptcy Court for the Eastern District of Missouri and paid its bankruptcy financing package in full the next day.

S&P Global Platts and S&P Global Market Intelligence are owned by S&P Global Inc.