Published by Will Owen,
Editor
World Coal,
Following a recent ignition event at Anglo American Plc’s Moranbah North Mine, Peabody is reviewing all options related to its acquisition of steelmaking coal assets from Anglo American.
The company reportedly remains in conversation with Anglo to better understand the impacts of the event. It is preserving all rights and protections under its purchase agreements.
Anglo has announced that it is continuing to work with Peabody towards satisfying the remaining customary conditions in the agreements that are required for completion of the transaction.
It is also making progress in relation to the temporary suspension of mining operations at the Moranbah North mine following what is believed to have been a minor ignition in the underground area of the mine. Conditions in the mine normalised shortly afterwards and they remain stable, with data and camera footage showing no evidence of damage.
Anglo is working alongside industry experts and the safety regulator, Resources Safety & Health Queensland, to expedite re-entry into the mine and the subsequent safe resumption of mining operations.
Read the article online at: https://www.worldcoal.com/coal/14042025/anglo-and-peabody-release-updates-regarding-sale-of-steelmaking-coal-business/