Peabody Energy[1] operates the largest coal mine in the world (North Antelope Rochelle coal mine in Wyoming). Stock is trading around $2.80 down from ATH of $47

Peabody Energy[1] operates the largest coal mine in the world (North Antelope Rochelle coal mine in Wyoming). Stock is trading around $2.80 down from ATH of $47 in Oct 2018. A Chinese company recently abandoned plans to invest nearly $7billion in an Austrialian coal mine[2]. > A $6.7 billion Chinese mega mine coal project adjacent to the Adani venture in Queensland's Galilee Basin is in doubt after the company abandoned its bid for a mining lease. > The company will not explain why it abandoned the process, but analysts believe the project is no longer aligned with China's interests in coal and is financially "unviable" given the difficulty companies face obtaining finance for coal developments. Even the famous "Belt and Road" won't risk large investments in coal under the current conditions. [1] https://www.google.com/search?q=NYSE:+BTU https://www.google.com/search?q=NYSE:+BTU [2] https://www.abc.net.au/news/2019-05-23/macmines-abandons-mining-lease-applications/11138310 https://www.abc.net.au/news/2019-05-23/macmines-abandons-min...