Business
Anglo American update on sale of SMC business
Anglo American update on sale of SMC business.
About this update from Anglo American Plc
[{"type":"text","content":"\n\n\n\n\n\n5 May 2025\n\n\n\n\nAnglo American update on sale of steelmaking coal business to Peabody\n\n\n\n\n\n\n\n\n\nAnglo American plc (\"Anglo American\") notes the recent statement issued by Peabody Energy (\"Peabody\") in relation to the definitive agreements announced on 25 November 2024 for Peabody to acquire Anglo American's portfolio of steelmaking coal mines in Australia (\"the Transaction\").\n \nAs previously announced, 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 American is continuing to work closely with the safety regulator, Resources Safety & Health Queensland, industry experts and other key stakeholders as we progress towards a structured restart to longwall production once it is determined that it is safe to do so.\n \nAs a result of the progress made to date towards a safe restart and the information available, Anglo American 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.\n \n \n \n \nFor further information, please contact:\n \n\n\n\n\nMedia\n\n\n\n\n\nInvestors\n\n\n\n\n \nUK\nJames Wyatt-Tilby\[email protected]\nTel: +44 (0)20 7968 8759\n \nMarcelo Esquivel\[email protected]\nTel: +44 (0)20 7968 8891\n \nRebecca Meeson-Frizelle\[email protected]\nTel: + 44 (0)20 7968 1374\n \nSouth Africa\nNevashnee Naicker\[email protected]\nTel: +27 (0)11 638 3189\n \nErnest Mulibana [email protected]\nTel: +27 82 263 7372\n\n\n\n\n\n \nUK\nTyler Broda\[email protected]\nTel: +44 (0)20 7968 1470\n \nEmma Waterworth [email protected]\nTel: +44 (0) 20 7968 8574\n \nMichelle West-Russell\[email protected] \nTel: +44 (0)20 7968 1494\n \nAsanda Malimba\nasanda.malimba@angloameric...