Peabody Energy (BTU -0.7%) will permanently close its Willow Lake Mine in Illinois after a...

|About: Peabody Energy Corp. (BTUUQ)|By:, SA News Editor

Peabody Energy (BTU -0.7%) will permanently close its Willow Lake Mine in Illinois after a history of failing to meet operating performance and safety standards. BTU expects to incur a largely non-cash, one-time charge of $40M-$60M, or $0.10-$0.15/share, in Q4; it expects little effect on ongoing earnings from the closing.