18
Apr
16:59
South32 deal for Peabody mine fails
US coal miner Peabody has opted to retain its Metropolitan metallurgical coal mine in Australia after a deal with a prospective buyer fell through, Kallanish reports.
Australian miner South32 failed to obtain a clearance for the $200 million purchase from the Australian Competition and Consumer Commission (ACCC). As a result, Peabody will hang on to the mine and its linked 16.67% interest in the Port Kembla Coal Terminal.
“We are surprised that South32 …
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