M&A Deal Summary

Peabody Acquires Anglo American - Tier 1 Metallurgical Coal Assets

On November 25, 2024, Peabody acquired metals/mining company Anglo American - Tier 1 Metallurgical Coal Assets from Anglo Teck for 2.3B USD

Acquisition Highlights
  • This is Peabody’s 1st transaction in the Metals/Mining sector.
  • This is Peabody’s largest (disclosed) transaction.
  • This is Peabody’s 2nd transaction in Australia.

M&A Deal Summary

Date 2024-11-25
Target Anglo American - Tier 1 Metallurgical Coal Assets
Sector Metals/Mining
Buyer(s) Peabody
Sellers(s) Anglo Teck
Deal Type Divestiture
Deal Value 2.3B USD

Target

Anglo American - Tier 1 Metallurgical Coal Assets

Australia
Anglo American's Tier 1 Metallurgical Coal Assets is a coal producer in Moranbah North, Grosvenor, Aquila, and Capcoal located in Australia.

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Buyer(S) 1

Buyer

Peabody

St. Louis, Missouri, United States

Category Company
Founded 1883
Sector Energy Services and Equipment
Employees5,600
Revenue 4.2B USD (2024)
DESCRIPTION

Peabody is a coal company and a provider of sustainable mining and clean coal solutions. Peabody serves metallurgical and thermal coal customers in more than 25 countries on six continents. Peabody was founded in 1883 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 2 of 2
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 2 of 2
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-03 Peabody Energy - Metropolitan Mine

Australia

Peabody Energy Corp. - Metropolitan Mine is a provider of coal mining at New South Wales, Australia

Sell $200M

Seller(S) 1

SELLER

Anglo Teck

London, United Kingdom

Category Company
Founded 1917
Sector Metals/Mining
Employees106,000
Revenue 27.3B USD (2024)
DESCRIPTION

Anglo Teck is a mining company with a portfolio of producing operations, including six copper assets, alongside iron ore and zinc businesses. Anglo Teck was founded in 1917 and is based in London, England.


DEAL STATS #
Overall 4 of 4
Sector: Metals/Mining M&A 2 of 2
Type: Divestiture M&A Deals 4 of 4
Country: Australia M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 Anglo American Fosfatos Brasil

Belo Horizonte, Brazil

Anglo American Fosfatos Brasil Ltda is a provider of fertilizers for plant and animals.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-09 Teck Resources

Vancouver, British Columbia, Canada

Teck Resources is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Teck Resources was incorporated in 1913 and is based in Vancouver, British Columbia.

Buy -