Peabody Energy said it is reviewing an up to $3.78 billion deal to buy Anglo American’s steelmaking coal operations following a fire at an Australian mine.
Anglo American agreed to sell its steelmaking coal business, including the Moranbah North mine, where the fire broke out last week, to St. Louis-based Peabody in November. It was the U.K.-based miner’s first major step in a large-scale business reshaping announced last year as it fended off a takeover bid from rival BHP Group.
