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Investing.com -- Peabody Energy, an American corporation, is reevaluating its potential $3.78 billion acquisition of Anglo American (JO:AGLJ)'s steelmaking coal operations.
This reassessment comes after a fire incident at an Australian mine, which is one of the assets involved in the deal.
The fire occurred at the Moranbah North underground mine, situated in the coal-rich Queensland state of Australia.
Anglo American, the British multinational, confirmed the incident last week, stating that data suggested "a small, contained ignition" had taken place. The company also mentioned that it was keeping an eye on the underground conditions.
In response to the incident, Peabody Energy is now scrutinizing all possible options related to the acquisition of these assets.
The company stated that it continues to discuss with Anglo American to gain a deeper understanding of the event's impacts. It also emphasized that it is maintaining all rights and protections under its purchase agreements.
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