US-based coal miner Peabody Energy has announced that it may decide to terminate its acquisition agreements for UK-based mining giant Anglo American’s coal mines in Australia, namely, the Moranbah North, Capcoal, Aquila and Grosvenor mines, due to a shutdown of the operations at the Moranbah North mine following the fire which occurred at the Moranbah North mine on March 31, 2025.
Noting that the substantial share of the acquisition value at $3.8 billion was associated with the Moranbah North mine, the company stated that the issues at the given mine have created significant uncertainty around the acquisition.
The given transaction was expected to be completed by the third quarter of 2025, as SteelOrbis previously reported.
The Moranbah North mine has an annual production capacity of eight million mt of coal.