Anglo American begins arbitration proceedings against Peabody-report

Group 1 - Anglo American has initiated arbitration proceedings against Peabody Energy due to the cancellation of a purchase agreement for its steelmaking coal assets [1] - Peabody Energy retracted its offer of approximately $3.8 billion for Anglo American's Australian coking coal assets after failing to agree on price reductions following a fire at the Moranbah North mine [1][2] - The Moranbah North mine operations were suspended in April due to an underground fire caused by elevated gas levels, which led Peabody to activate a clause allowing withdrawal or renegotiation of the agreement [2][3] Group 2 - Anglo American returned $29 million of the $75 million deposit to Peabody, with Peabody demanding the remaining amount promptly [3] - Anglo American, through its subsidiary Anglo American Sur, signed a definitive agreement with Codelco to execute a joint mine plan for their copper operations in Chile [3][4]