Peabody gains as Trump administration to expand coal leasing

ReutersSep 29, 2025 5:47 PM

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Shares of coal miner Peabody Energy BTU.N up 7.5% at $25.36

Trump administration says it will expand coal mine leasing on federal lands and provide hundreds of millions of dollars to support more coal-fired power generation

At a press conference in Washington, Interior Secretary Doug Burgum said his department would open 13.1 million acres (5.3 million hectares) of federal land for coal leasing

Shares of peer Core Natural Resources CNR.N also up 1.65% at $84.17

Including session's moves, stock up ~26% YTD

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