Anglo American evacuates its Moranbah North coal mine

Production stopped at one of Queensland’s largest underground coal mines after high carbon monoxide levels were detected, and all workers were brought out safely. The mine was a key part of the coal portfolio Anglo had agreed to sell to Peabody.

Why it matters. An incident between signing and closing can give the buyer grounds to walk away, which is why sale agreements define a material adverse change.

Source

ABC News

In the course

Module 8: Due diligence