US coal miner Peabody has paused a $5 billion fundraising campaign to buy Anglo-American’s Queensland coal assets, threatening to abandon the deal unless it receives assurances about a fire-damaged mine.
The US-listed miner told Anglo the mine, which has been shut for nearly 40 days, amounted to a “material adverse change” to the $US3.3 billion ($5 billion) deal struck in November.
