Overview

• Peabody said the fire at the Moranbah North mine constituted a material adverse change and that the parties failed to agree revised terms to address long-term impacts.
• Anglo rejected that assessment and said it has initiated arbitration to seek damages for what it calls wrongful termination.
• The terminated package included an 88% stake in Moranbah North, 70% of the Capcoal joint venture, and interests in the Dawson and Roper Creek projects in Queensland’s Bowen Basin.
• The incident halted longwall output, undercutting Anglo’s 2025 production expectations and adding roughly $45 million in monthly holding costs, according to reporting.
• Peabody also ended a related Dawson sale to PT Bukit Makmur Mandiri Utama and said it will focus on projects such as its Centurion Mine, as its shares rose about 8% premarket while Anglo’s stock gained around 2%.