Peabody to Close IL Mine

WKMS | By The Associated Press,

Whitney Jones

Published November 28, 2012 at 7:23 AM CST

A Peabody Energy Corp. subsidiary is permanently closing a southern Illinois mine because it failed to meet safety, compliance and performance standards. Bay Ridge Inc. says operations at the Willow Lake Mine near Harrisburg are unsustainable. The mine closing will affect about 400 workers. The coal company says it expects to incur a non-cash, one-time charge of $40 million to $60 million, or 10 to 25 cents per share after tax, in the fourth quarter. The charge is mainly to write off assets, increase asset retirement obligations and accrue severance.

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Whitney Jones

Whitney grew up listening to Car Talk to and from her family’s beach vacation each year, but it wasn’t until a friend introduced her to This American Life that radio really grabbed her attention. She is a recent graduate from Union University in Jackson, Tenn., where she studied journalism. When she’s not at WKMS, you can find her working on her backyard compost pile and garden, getting lost on her bicycle or crocheting one massive blanket.

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