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Peabody Energy Says to Review Options Related to Anglo American Deal After Australian Mine Fire
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Peabody Energy Says to Review Options Related to Anglo American Deal After Australian Mine Fire
Apr 9, 2025 2:34 AM

05:14 AM EDT, 04/09/2025 (MT Newswires) -- Peabody Energy ( BTU ) said Tuesday it is reviewing all options related to its acquisition of Anglo American's steelmaking coal assets after a fire broke at the latter's Moranbah North mine in Australia last week.

Anglo American agreed to sell its steelmaking coal business, including Moranbah North, to Peabody in November last year and the deal was expected to be finalized by Q3, according to a report by The Wall Street Journal.

The company said it remains in conversation with Anglo American to better understand the impacts of the event and is preserving all rights and protections under its purchase agreements.

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