Peabody Can't Strip-Mine Land, Despite Deed: 7th Circ.

Law360, New York (May 7, 2010, 4:47 PM EDT) -- Spurning a deed that is more than a century old, a federal appeals court has affirmed a ruling against affiliates of Peabody Energy Corp., declining to grant the coal company the right to strip-mine land in Indiana or to purchase that land from defendants who oppose the strip-mining.

In spite of a 1903 deed produced by Peabody, the company does not have the right to mine coal beneath 62 acres of privately owned farmland, according to a ruling on Thursday by the U.S. Court of Appeals...
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