Peabody Power is readied to disclose on August 19 whether it will certainly proceed with its $3.78-billion proposal for Anglo American’s Australian coking coal mines, as time ticks down for it to renegotiate a reduced cost for the bargain.
The United States miner in 2014 consented to acquire the mines in Queensland’s Bowen Container, the globe’s leading coking coal area, as component of its action right into coming to be a coking coal manufacturer.
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