Peabody may terminate Anglo American coal assets acquisition over mine fire

The US -based Peabody Energy company has raised its headquarters to obtain concerns about its planned acquisition of coal assets in the first -level steel industry of Anglo America 1, citing a financial negative change related to the MORANBAH North Coal mine in the Poin Basin in Queensland, Australia.

The mine, part of the acquisition, was inactive since the gas ignition occurred on March 31, 2025.

Pepodi indicated that he may withdraw from the agreement if the problems are not resolved in a specific time frame.

Last month, Peabody Energy announced that it is reviewing its options regarding the acquisition after the mine fire.

“While we stayed on the right track to complete the charcoal acquisition of Anglo from Angelo, the issues in Morava North have created great uncertainty about the treatment,” said PEABODY president and CEO Jim Grech.

“A large share of the Morabah North acquisition value has been associated, however there is no known timetable for the resumption of longwall production.”

Meanwhile, Anglo American responded to the fact that the stopping of production does not constitute a Mac, based on the final agreements signed with Peabody in November last year.

“The initial re -entry to the Morava North Mine was completed on April 19, 2025, and Angelu American continued to work closely with the safety organizer, the safety of resource in Queensland, industry experts and other main stakeholders as we advance towards restarting an organization to long long production once it is safe to do so,” Anglo American said in a statement.

“As a result of the progress made so far towards a safe restart and available information, Anglo America does not believe that stopping in Moanbah North poses a financial negative change according to the final agreements with Peabody.

“Anglo American expects to continue working with Pepodi towards addressing her concerns and meeting the remaining customary conditions in those agreements required to complete the transaction.”

“Paabody Coal Assivits on Fire Fire” in origin may finish and publish it by Mining Technology, a brand owned by Globaldata.

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