Anglo American plc (“Anglo American”) has reiterated events of the 31st March 2025, responding to a recent statement issued by Peabody Energy (“Peabody”) in relation to the definitive agreements announced on 25 November 2024.
The agreement is for Peabody to acquire Anglo American’s portfolio of steelmaking coal mines in Australia (“the Transaction”).
Anglo American said a small contained ignition occurred in the goaf at Moranbah North mine on 31 March 2025, resulting in the controlled and safe withdrawal of all personnel to the surface.
Initial re-entry to Moranbah North mine was completed on 19 April 2025 and Anglo said it continues to work closely with the safety regulator, Resources Safety & Health Queensland, industry experts and other key stakeholders, ahead of a structured restart to production, once it is determined that it is safe to do so.
James Wyatt-Tilby, Spokesperson of Anglo American, said in a statement this week, Anglo does not believe that the stoppage at Moranbah North constitutes a Material Adverse Change in accordance with the definitive agreements with Peabody.
“Anglo American expects to continue working with Peabody towards addressing its concerns and satisfying the remaining customary conditions in those agreements that are required for completion of the Transaction” said Wyatt-Tilby.