This Somerville Central coal mine is one of the six Indiana coal mines of Peabody Energy Corporation of the US, which this month filed for bankruptcy in the face of massive debt, compounded by its 2011 acquisition of the $5.2-billion McArthur Coal, in Australia. Although the Australian operations are not included in the bankruptcy filing and Peabody says all of its US mines were profitable in 2015, the company’s bankruptcy filing details $800-million in debtor-in-possession (DIP) financing through a Citigroup-led lender group. The package involves $500-million in senior secured DIP term loan facility, $100-million senior secured DIP letter-of-credit facility and a $200-million bonding accommodation facility. Peabody, which last year reported a loss of $2-billion-plus, said operations were expected to “continue in the ordinary course of business”.