BRIEF-Peabody To Buy Tier 1 Australian Metallurgical Coal Assets From Anglo American-March 2024-www.financetom.com

BRIEF-Peabody To Buy Tier 1 Australian Metallurgical Coal Assets From Anglo American

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BRIEF-Peabody To Buy Tier 1 Australian Metallurgical Coal Assets From Anglo American

Nov 24, 2024 11:48 PM

Nov 25 (Reuters) - Peabody Energy Corp ( BTU ):

* PEABODY TO ACQUIRE TIER 1 AUSTRALIAN METALLURGICAL COAL

ASSETS

FROM ANGLO AMERICAN

* TO PAY $2.32 BILLION FOR ANGLO AMERICAN COAL ASSETS

* AGREES TO CONTINGENT PAYMENTS UP TO $1 BILLION

* EXPECTS $100 MILLION PER YEAR IN SYNERGIES FROM DEAL

* SEES METALLURGICAL COAL PRODUCTION 21 - 22 MILLION TONS IN

2026

* INTENDS TO ESTABLISH NEW LONG-TERM EMISSIONS TARGETS

INCLUDING

NEWLY ACQUIRED ASSETS IN COMING MONTHS

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