Peabody Energy Reevaluates Australian Coal Asset Acquisition After Mine Incident

Peabody Energy is reconsidering its planned acquisition of steelmaking coal assets in Australia following a mine ignition incident. The event occurred at the Moranbah North Mine, part of the assets previously announced for acquisition from Anglo American.

The company is currently in discussions to assess the impact of the incident and is reviewing its strategic options while maintaining its rights under the transaction agreements.

As part of its financing process for the deal, Peabody has also released unaudited historical and pro forma financial data related to the target assets. These figures are preliminary and not based on finalized accounting standards and should not be relied upon for future performance projections.

There is no confirmation yet on whether the incident will result in a delay or cancellation of the acquisition.