U.S. coal giant Peabody Energy Corp. (NYSE: BTU) filed for bankruptcy on April 13, the most powerful convulsion yet in an industry that’s enduring the worst slump in decades.

The company voluntarily filed petitions under Chapter 11 for the majority of its U.S. entities in the United States Bankruptcy Court for the Eastern District of Missouri, according to a statement dated April 13. All of Peabody’s mines and offices are continuing to operate in the ordinary course of business and are expected to continue doing so for the duration of the process, it said.

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