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Peabody Energy cancels $3.8B coal deal after mine fire; plans focus on current operations.
Peabody Energy has ended its $3.8 billion deal to buy Anglo American's steelmaking coal assets due to a fire at the Moranbah North mine, citing a material adverse change.
Anglo disagrees and plans to seek arbitration for damages.
Peabody also canceled the sale of the Dawson Mine, aiming instead to focus on its current operations, shareholder returns, and sustainable growth.
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Peabody Energy cancela un acuerdo de carbón de $ 3.8B después de un incendio en la mina; los planes se centran en las operaciones actuales.