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10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
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Peabody raises concerns over acquisition of Anglo American coal assets due to Moranbah issues
Cape Times
|May 06, 2025
PEABODY Energy has taken a significant step in its planned acquisition of steelmaking coal assets from Anglo American Plc by formally notifying the latter of a Material Adverse Change (MAC).
This pivotal development stems from complications related to the Moranbah North Mine, which has remained inactive since a gas ignition event occurred on March 31, 2025.
Last month, Anglo American confirmed that it was engaging Peabody Energy in discussions to finalise the disposal of its Australian steelmaking coal assets to the United States-based company for $3.7 billion.
In a statement on Monday, Peabody’s President and CEO, Jim Grech, expressed the company’s challenge.
"While we have remained on track to complete the steelmaking coal acquisition from Anglo, the issues at Moranbah North have created significant uncertainty around the transaction," Grech said.
"A substantial share of the acquisition value was associated with Moranbah North, yet there is no known timetable for resuming longwall production."
यह कहानी Cape Times के May 06, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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