The nearly monthly rallies by retired miners in front of Peabody Energy’s headquarters in downtown St. Louis are now a thing of the past.
The United Mine Workers of America, Peabody Energy, and Patriot Coal announced a settlement late Tuesday night.
The UMWA had been pushing Peabody through its rallies and a lawsuit filed in Charleston to pay for retirees’ health benefits after its spin-off, Patriot Coal, filed for bankruptcy last year.
Patriot had largely shed its $1.6 billion liability in healthcare benefits for about 23,000 retired miners and their dependents.
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