Funding for Anglo’s R70bn coal deal on hold
Fire at Moranbah North mine in Australia has created uncertainty, says Peabody Energy
08 May 2025 - 05:00
Funding for Anglo American’s $3.8bn (R70bn) deal to sell its steelmaking coal business to US mining house Peabody Energy has been put on hold after a March fire at a key asset in the transaction.
With the next three months critical, the setback throws a spanner in the works in Anglo’s restructuring plans, testing CEO Duncan Wanblad’s ability to salvage one of the most important deals aimed at boosting shareholder returns after fending off two buyout overtures from rival BHP last year...
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