Why Is Peabody Energy Stock Surging Tuesday? - Anglo American (OTC:AAUKF), Peabody Energy (NYSE:BTU)

$5.7 billion, five coal mine deal termination sparks arbitration

Peabody Energy has terminated a deal to buy five Anglo American coal mines in the Bowen Basin citing an underground ignition at the Moranbah North mine in March.

Anglo hit as Peabody scraps $5.9b coal deal after Queensland fire

The US coal producer said the fire at the Moranbah North mine in March constituted a reason to exit the deal.

Peabody to Pull Out of $3.8 Billion Deal for Anglo’s Coal Assets

Anglo American Plc suffered a major setback to its restructuring plans after Peabody Energy Corp. decided to walk away from a $3.8 billion deal to buy its steelmaking coal business following a fire at an Australian mine.

Peabody Terminates Planned Acquisition with Anglo American

/PRNewswire/ -- Peabody (NYSE: BTU) announced today that it has terminated purchase agreements with Anglo American Plc due to a material adverse change (MAC,...

Why Is Peabody Energy Stock Surging Tuesday? - Anglo American (OTC:AAUKF), Peabody Energy (NYSE:BTU)

Peabody Energy Corp. (NYSE:BTU) has abandoned its planned $3.8 billion purchase of steelmaking coal assets from Anglo American (OTC:AAUKF), citing a material adverse change following a March fire at the Moranbah North mine in Australia. The incident left the mine idled with no clear timeline for resuming longwall production. The withdrawal comes less than a year after Anglo agreed to divest the portfolio to Peabody as part of a sweeping restruct…

Anglo, led by Duncan Wanblad, loses $3.8 billion coal deal

Key PointsPeabody cancels $3.8 billion Anglo coal deal, citing Moranbah North mine fire as a material adverse change.Anglo plans arbitration for damages; Peabody seeks return of $75 million deposit from failed transaction.Anglo H1 2025 revenue drops to $8.95 billion; underlying EBITDA falls 20 percent to $2.95 billion.Anglo American, a diversified global mining giant led by South African executive Duncan Wanblad, faced a major setback after Peab…