ARCHIVE

Patriot wants information from Peabody … now!

PATRIOT Coal has requested that the Bankruptcy Court force Peabody Energy to hand over more docum...

Staff Reporter

Patriot initially requested documents from its former parent Peabody in January and was given formal authority to compel a turnover of information by bankruptcy judge Kathy Surratt-States in April.

According to Bloomberg, Patriot filed papers in Bankruptcy Court last week scheduling a hearing on September 13 for compelling the completion of document production by October 1.

So far, Peabody has produced just 3428 documents and told Patriot it cannot complete the full document production until early next year, the filing said.

Patriot said it wanted to use the documents to decide if the spinoff “constituted an actual or constructive fraudulent transfer”

In previous court papers, Patriot claimed Peabody rid itself of “approximately $600 million of retiree healthcare liabilities, along with hundreds of millions of dollars of other liabilities, including environmental reclamation obligations and black lung benefits”

Patriot filed for bankruptcy in July 2012.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets