Peabody acquires Tier 1 Australian metallurgical coal assets from Anglo American

Client(s) Peabody Energy Corporation

Jones Day is advising Peabody in the acquisition of significant Tier 1 Australian Metallurgical coal assets from Anglo American plc for a cash consideration of up to US$3.775 billion.

The acquisition includes four metallurgical coal mines – Moranbah North, Grosvenor, Aquila, and Capcoal – located in Australia's Bowen Basin, which is widely recognized for the world's highest-quality steelmaking coal. Approximately 80 percent of the mines' output is hard coking coal.

The acquisition also includes the Dawson mine, which Peabody has agreed to on-sell to Indonesia's PT Bukit Makmur Mandiri Utama (BUMA) for total consideration of $455 million. Jones Day also advised on the sale to BUMA.