Anglo American Exits Coal With $3.8B Sale To Peabody Energy

KEY TAKEAWAYSAnglo American is selling its remaining steelmaking coal assets for up to $3.8 billion to U.S. firm Peabody Energy.Anglo American is restructuring after rejecting BHP's multiple attempts to take it over.Peabody said the Australian coal assets would help it meet Asian demand for steel. Anglo American is selling its remaining steelmaking coal assets for up to nearly$3.8 billion to U.S. firm Peabody Energy (BTU), as the London-listed mining giant restructures its business after rejecting several ...