Drill and Deal

Deals / Peabody Energy – Anglo American’s Australian steelmaking coal mines

Coal · announced 25 November 2024 · withdrawn

Peabody Energy – Anglo American’s Australian steelmaking coal mines

Peabody walked away in August 2025, citing the Moranbah North fire as a material adverse change.

Acquirer
Peabody Energy
Target
Anglo American’s Australian steelmaking coal mines
Announced
Metal
Coal
Announced value
up to $3.8bn
Structure
Cash, deferred payments and earn-out
Status
Withdrawn
Main asset
Bowen Basin · See it on the globe