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Even under Trump, US coal giant plots a cautious comeback

Although US President Donald Trump is a big fan of coal, the country's biggest coal miner no longer expects to significantly boost coal output.

Photo: ritzau/Arkiv/Niels Hougaard

President Donald Trump has been offering coal companies everything under the sun – fewer regulations, more land to mine, a freer pass from concerns about climate change. The combination, he says, will put coal miners back to work.

But the nation's biggest coal miner, Peabody Energy Corp., is touting a less grandiose strategy. It's no longer looking – or expecting – to boost coal output significantly, said Chief Executive Officer Glenn Kellow Tuesday, after his company emerged from yearlong bankruptcy. Instead, he's focused on a narrower objective: simply making money.

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