US-based coal producer Peabody Energy has announced that it has decided to retain the Metropolitan Mine, which produces metallurgical coal in New South Wales, Australia, and its associated 16.67 percent interest in Port Kembla Coal Terminal, after proposed purchaser Australian mining company South32 terminated the purchase contract since it was unable to obtain clearance from the Australian Competition and Consumer Commission (ACCC) within the timeframe required under the contract.
The termination of the transaction has no effect on operations, and Metropolitan intends to fully resume shipments following scheduled completion of a longwall move to a new coal panel at the end of May.