Peabody weighs arbitration in Anglo coal dispute: AFR

Peabody weighs arbitration in Anglo coal dispute: AFR

PEABODY Energy stands ready to take its $5.87bn acquisition of Anglo American’s Queensland coal assets to arbitration, claiming an underground fire has reduced their worth. The acquisition of four coking coal operations formed a cornerstone of Anglo’s restructuring plan after surviving BHP’s takeover approach. But the transaction hit turbulence when flames ignited below ground at the Moranbah North facility on March 31. Investor briefings held s…