Peabody, a global coal powerhouse, has received approval from CCI for the acquisition of Anglo American's Australian coal assets.
The deal aims to strengthen Peabody's presence in the high-demand metallurgical coal market and secure a steady supply of premium steel-making coal.
The financial details of the transaction have not been disclosed, but it is seen as a strategic move to enhance Peabody's global supply chain.
The acquisition of Anglo American's coal assets is expected to have ripple effects on the supply chain, potentially impacting coal pricing and trade dynamics in the region.