1319 GMT - Anglo American should be able to receive the two contingent cash considerations included in the coal unit sale to Peabody Energy, UBS analysts write in a research note. Firstly, Peabody's coal production lift to 21 million-22 million metric tons in 2026 from 7 million tons this year implies a quick restart of the suspended Grosvenor mine. A reopening of the Australian mine would garner Anglo $450 million. Secondly, the average metallurgical coal price since 2021 suggests that the $550 million contingent linked to Peabody earnouts looks achievable too. This would take the total disposal value to $3.775 billion, which is better than consensus had expected, UBS says. Shares are down 1.2% at 23.64 pounds. (christian.moess@wsj.com)
(END) Dow Jones Newswires
November 26, 2024 08:19 ET (13:19 GMT)
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