US EditionPeabody Statement Following Moranbah North Event
- Peabody Energy is reviewing its options regarding the $3.78 billion acquisition of Anglo American's Australian coal assets after a fire at the Moranbah North coal mine halted production.
- Peabody is discussing the incident's consequences with Anglo American, which has been cooperative in providing details about the suspension at the mine.
- The acquisition includes a $2.05 billion upfront payment, deferred payments totaling $725 million, and potentially an additional $550 million, linked to reopening the Grosvenor mine, which had a fire previously.
- Anglo American's divestiture of coal assets is part of a broader restructuring strategy to focus on copper and iron ore, following last year's rejection of a $49 billion takeover bid from BHP Group.
15 Articles
15 Articles
Peabody reviews Anglo American coal assets acquisition after mine fire - Overpasses For America
Reuters. takeover bid from mining giant BHP Group, has committed to selling its nickel and coal assets. Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain …
Peabody Statement Following Moranbah North Event
ST. LOUIS, April 8, 2025 /PRNewswire/ -- Following an ignition event last week at Anglo American Plc's Moranbah North Mine, Peabody (NYSE: BTU) today announced that it is reviewing all options related to its acquisition of steelmaking coal assets from…
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