Anglo American faced a setback as Peabody Energy terminated its $3.8bn deal to acquire the company’s Australian steelmaking coal business, citing a fire at Moranbah North mine as a material adverse change. Anglo disputes this, asserting the March 2025 incident caused no damage and progress towards restarting the mine is on track. AGL plans to initiate arbitration to seek damages from Peabody, and alternative buyers for the coal assets.
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