US coal producer Peabody threatens to terminate deal with Anglo American

US coal producer Peabody threatens to terminate deal with Anglo American

Peabody formally notifies UK-listed miner of ‘material adverse change’ affecting $3.3bn acquisition of coal assets

Moranbah Ignition Jeopardizes Peabdoy’s Anglo Acquisition

Peabody said it notified Anglo American of a Material Adverse Change (MAC) impacting its planned acquisition of Anglo’s metallurgical coal mining assets in Australia. The MAC relates to issues involving the Moranbah North mine, which remains inactive due to gas ignition on March 31, 2025. “While we have remained on track to complete the steelmaking coal acquisition from Anglo, the issues at Moranbah North have created significant uncertainty aro…