Reported about 17 hours ago
Peabody Energy announced it may terminate its deal to acquire certain Australian coal assets from Anglo American if problems at the Moranbah North mine are not resolved. The mine's production was halted after an underground fire in March, raising concerns for Peabody, whose CEO emphasized that a significant portion of the acquisition value depends on this mine. Anglo American disputes the characterization of the production halt as a significant adverse change and intends to work towards fulfilling the deal's requirements.
Source: YAHOO