US coal producer Peabody threatens to terminate deal with Anglo American

US coal producer Peabody threatens to terminate deal with Anglo American

Peabody formally notifies UK-listed miner of ‘material adverse change’ affecting $3.3bn acquisition of coal assets

Anglo coal deal could be pushed back "significantly", says bank

ANGLO American’s chances of closing the sale of its metallurgical coal assets to Peabody Energy had been dealt a blow, according to a report by US investment firm Jefferies. Cited by Reuters in a report on Monday, Jefferies said Peabody’s issue of a Material Adverse Change (MAC) regarding its purchase of coal mines, including the suspended Moranbah North operation, could “significantly” push back the closing of the transaction. It could even aff…

US Exim opens door to overseas coal-fired power

The Export-Import Bank of the United States (US Exim) has amended its rulebook to allow support for coal-fired power projects, offering a boost to US President Donald Trump’s energy policy but drawing the ire of climate campaigners. At a meeting on May 1, US Exim’s board unanimously voted to amend its environmental procedures and guidelines by removing restrictions on coal-fired power projects that had been in place since 2013. The move signals …

Peabody to Scrap Anglo American Coal Deal Over Mine Fire?

Peabody’s Coal Acquisition in Jeopardy: Will a Mine Fire Derail the Deal? Table of Contents Peabody’s… The post Peabody to Scrap Anglo American Coal Deal Over Mine Fire? appeared first on TIme News.

Peabody may terminate Anglo American coal assets acquisition over mine fire

Peabody Energy has raised concerns over its planned acquisition of Anglo American’s Tier 1 Australian steelmaking coal assets.The post Peabody may terminate Anglo American coal assets acquisition over mine fire appeared first on Mining Technology.

Peabody pushes for Anglo-American deal - Australian Mining

Peabody Energy has reaffirmed its intent to pursue the acquisition of Anglo American’s world-class steelmaking coal portfolio.