Peabody terminates $3.8B Anglo American coal acquisition over Moranbah North mine fire

PEABODY ENERGY CORP

Terminated purchase agreements with Anglo American due to material adverse change from March 31 ignition event at Moranbah North mine.
No revised agreement reached; mine has no timeline to resume longwall production at forecasted 5.3M tons.
Also terminated related sale of Dawson Mine to PT Bukit Makmur Mandiri Utama.
Anglo estimates $45M/month holding costs at Moranbah North; acquisition had been scheduled to close April 2025.
Peabody will return 65-100% of available free cash flow to shareholders via buybacks and pursue organic growth.

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