Published by Global Banking & Finance Review®
Posted on May 5, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GooglePeabody Energy might exit its deal with Anglo American if issues at the Moranbah North mine aren't resolved, impacting the acquisition's value.
(Reuters) -Peabody Energy said on Monday if issues involving Anglo American's Moranbah North mine were not resolved to its satisfaction, it may elect to terminate its pending deal to acquire some of the British mining company's Australian steelmaking coal assets.
Production at Anglo American's Moranbah North coal mine - located in the Bowen basin in Queensland, Australia - was suspended after an underground fire broke out at the mine in March.
The mine is included in the assets deal signed between the companies last year.
"A substantial share of the acquisition value was associated with Moranbah North, yet there is no known timetable for resuming longwall production," Peabody Chief Executive Officer Jim Grech said in a statement.
Peabody said it may walk away from the deal, if the issues at the mine were not resolved within the timeframe specified under the acquisition agreements.
(Reporting by Mrinalika Roy in Bengaluru; Editing by Krishna Chandra Eluri and Shinjini Ganguli)
The article discusses Peabody Energy's potential exit from a deal with Anglo American due to unresolved issues at the Moranbah North mine.
The Moranbah North mine is a significant part of the acquisition's value, and its production issues could impact the deal.
Production at the Moranbah North mine was halted due to an underground fire in March.
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