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Peabody Calls Off $3.78 Billion Deal to Buy Anglo American’s Australian Coal Assets

Peabody Energy, one of the largest coal producers in the world, shocked the energy sector when it announced that it had called off its $3.78 billion deal to acquire Anglo American’s Australian steelmaking coal operations. The agreement, which had been hailed as one of the most significant coal industry transactions of the year, collapsed after a central mine included in the acquisition package was forced into shutdown. This decision represents a major blow not only to Anglo American’s restructuring strategy but also to global investors who were closely watching the transformation of the coal market.

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