Peabody reviewing acquisition of Anglo American coal assets after mine event

From Nasdaq: 2025-04-08 21:06:00

Peabody Energy Corp. is reviewing its acquisition of steelmaking coal assets from Anglo American Plc. after an ignition event at Moranbah North Mine. The company is in discussions with Anglo American to assess the situation and is safeguarding its rights under the purchase agreements. Anglo American had agreed to sell its remaining steelmaking coal business to Peabody for up to $3.775 billion in November 2024, with an upfront payment of $2.05 billion and additional installments totaling $725 million. Anglo American could receive up to $1 billion more based on future favorable events.



Read more at Nasdaq: Peabody Reviews Options For Anglo American Asset Deal After Ignition Event At Moranbah North Mine