Peabody to Pull Out of $3.8 Billion Deal for Anglo's Coal Assets
The two firms have sharply disagreed over the impact of the March incident at the Moranbah North mine, an asset which Peabody said made up a substantial part of the deal value. The US coal producer in May said the fire constituted a material adverse change that would give it reason to exit the deal, and last month said there was 'no credible timetable' for when operations would resume. Meanwhile, Anglo has said there's no mine or equipment damage.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
American Tungsten Advances Zero Level Rehabilitation at IMA Mine
Vancouver, BC, Aug. 20, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ('American Tungsten' or the 'Company') American Tungsten is pleased to report significant progress in the ongoing rehabilitation of the Zero Level portal at its IMA Mine site, as part of its commitment to safety, operational excellence, and regulatory compliance. Weekly Progress Highlights (Week Ending August 16, 2025): Completed installation and lagging of the Zero Level portal entrance Retimbered and reinforced approximately 10 feet of the access tunnel Final leveling and installation of safety berms on the portal pad Finalized preparations to meet MSHA compliance requirements Upcoming Work: Continued re-support and rehabilitation of the Zero Level access drift Removal of the obsolete surface water tank located below the portal 'We are proud of the steady progress at IMA Mine's Zero Level portal. Our team is focused on safety, compliance, and laying the groundwork for future underground operations. These upgrades are essential to ensuring a secure and efficient work environment. As we move forward, we remain committed to investing in the infrastructure and technology that will support long-term exploration and production. The dedication shown by our crews on-site reflects the values we hold as a company—resilience, responsibility, and a forward-looking approach to sustainable production of a critical resource,' said Ali Haji, CEO of American Tungsten. Top left photo: Rebuilt zero level adit portal looking out to excavation equipment Top right photo: Earth moving equipment and generator at IMA Mine ProjectBottom centre photo: Newly constructed Zero level portal at IMA Mine Project Please click to view image Please click to view image About the IMA Mine Project: The IMA Mine is an advanced, readily-permittable, past producing tungsten-molybdenum property situated in the Idaho porphyry belt on private-patented mining claims. American Tungsten has an immediate opportunity to restore production at a strong identified silver and molybdenum-bearing intrusion target in the favourable jurisdiction of Idaho. For further updates, visit or investor relations, Joanna Longo at ir@ ABOUT AMERICAN TUNGSTEN CORP. American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the Ima Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America. The Company's Ima Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The Company holds an exclusive option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres. Social media links:LinkedIn: For further information, please contact: Ali HajiChief Executive OfficerEmail: ahaji@ +1 647 871 4571 CSE:TUNGOTCQB:DEMRFFSE:RK9 The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release. This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the completion of the Offering on the terms described herein or at all, and the use of proceeds and available funds following the completion of the Offering and are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Cadillac counts down to its F1 debut with lessons from NASA and the 'inverse Ted Lasso'
The clock is ticking until Cadillac joins the Formula 1 grid. Literally. 'On the wall of every office that we have is a countdown clock,' team principal Graeme Lowdon told The Associated Press in a recent interview. 'It's counting down to two things.' One is the first 'fire-up' of the car with its engine, and then the other is free practice at Cadillac's first official F1 session in Melbourne, Australia in March next year. It will be the start of a new mission for General Motors, and the end of a process to join F1 which included years of negotiations, a change of name and leadership, even a U.S. Justice Department investigation. Ted Lasso in F1 As a British racing boss creating an American team, Lowdon feels like an 'inverse Ted Lasso,' the fictional U.S. soccer coach in London. Hired in part for his experience navigating the sport's complex process for approving new teams, Lowdon says he's worked hard to adapt to U.S. racing culture for a team which will build its cars out of Fishers, Indiana. There's also a design and manufacturing site near the British Grand Prix track at Silverstone, but Cadillac has a vision of running an 'American team,' Lowdon said. The idea is to get as many different perspectives on designing a race car as possible. 'Formula 1 is a very creative business,' Lowdon said. "With diversity of thought comes innovation and hopefully lap time." Lessons from NASA Past attempts to operate an F1 team outside of the sport's heartlands in England and Italy have rarely worked. Cadillac is taking lessons from the 1960s space race. Rather than read a list of racing failures, Lowdon looked for non-F1 projects with 'immovable deadlines, huge amount of public scrutiny, multiple sites, highly technical," he said. 'The best example I could find were the the Apollo missions.' 'I looked a lot into how NASA had done the management structure of the business. I thought there were some very clever things that they did that we could build into a new design of a Formula 1 team, a complete new way of managing it. The primary objective was to maximize peer-to-peer communication between engineers.' F1's other American team, Haas, is more reliant on Europe. Its HQ is in North Carolina but the team is largely based in Britain and designs its cars in Italy. Drivers on the short list While existing teams have their race drivers heavily involved in the design of 2026 cars, Lowdon said the fact that Cadillac hasn't confirmed who its drivers will be shouldn't be seen as a setback. There are 'three or four' names on Cadillac's shortlist halfway through the 2025 season and Lowdon says Cadillac has more leverage in contract discussions than usual. 'Because we're out of sync with the other teams, we're not under the same time pressure,' Lowdon said. 'No driver is sitting there saying, 'Oh yeah, Aston Martin are going to sign me next week,' if you don't sign them.' The new team could be a way back to F1 for drivers like Sergio Perez, Valtteri Bottas or Zhou Guanyu who lost their race seats for 2025. There's also been speculation about various Americans and ex-F1 drivers like Mick Schumacher. Bottas, a 10-time race winner for Mercedes, joked about the race to sign for Cadillac with a viral video on social media remarking on the 'nice seat' in a Cadillac SUV. 'I've known him for a long time. I know his sense of humor, I appreciate his sense of humor and he's got a big fan following,' Lowdon said. 'My phone got super busy almost immediately when (Cadillac's F1 entry) was confirmed. It was very clear that everyone wants to drive a Cadillac and so I guess Valtteri has just made it even more clear.' ___ AP auto racing:
Associated Press
an hour ago
- Associated Press
Cadillac counts down to its F1 debut with lessons from NASA and the 'inverse Ted Lasso'
The clock is ticking until Cadillac joins the Formula 1 grid. Literally. 'On the wall of every office that we have is a countdown clock,' team principal Graeme Lowdon told The Associated Press in a recent interview. 'It's counting down to two things.' One is the first 'fire-up' of the car with its engine, and then the other is free practice at Cadillac's first official F1 session in Melbourne, Australia in March next year. It will be the start of a new mission for General Motors, and the end of a process to join F1 which included years of negotiations, a change of name and leadership, even a U.S. Justice Department investigation. Ted Lasso in F1 As a British racing boss creating an American team, Lowdon feels like an 'inverse Ted Lasso,' the fictional U.S. soccer coach in London. Hired in part for his experience navigating the sport's complex process for approving new teams, Lowdon says he's worked hard to adapt to U.S. racing culture for a team which will build its cars out of Fishers, Indiana. There's also a design and manufacturing site near the British Grand Prix track at Silverstone, but Cadillac has a vision of running an 'American team,' Lowdon said. The idea is to get as many different perspectives on designing a race car as possible. 'Formula 1 is a very creative business,' Lowdon said. 'With diversity of thought comes innovation and hopefully lap time.' Lessons from NASA Past attempts to operate an F1 team outside of the sport's heartlands in England and Italy have rarely worked. Cadillac is taking lessons from the 1960s space race. Rather than read a list of racing failures, Lowdon looked for non-F1 projects with 'immovable deadlines, huge amount of public scrutiny, multiple sites, highly technical,' he said. 'The best example I could find were the the Apollo missions.' 'I looked a lot into how NASA had done the management structure of the business. I thought there were some very clever things that they did that we could build into a new design of a Formula 1 team, a complete new way of managing it. The primary objective was to maximize peer-to-peer communication between engineers.' F1's other American team, Haas, is more reliant on Europe. Its HQ is in North Carolina but the team is largely based in Britain and designs its cars in Italy. Drivers on the short list While existing teams have their race drivers heavily involved in the design of 2026 cars, Lowdon said the fact that Cadillac hasn't confirmed who its drivers will be shouldn't be seen as a setback. There are 'three or four' names on Cadillac's shortlist halfway through the 2025 season and Lowdon says Cadillac has more leverage in contract discussions than usual. 'Because we're out of sync with the other teams, we're not under the same time pressure,' Lowdon said. 'No driver is sitting there saying, 'Oh yeah, Aston Martin are going to sign me next week,' if you don't sign them.' The new team could be a way back to F1 for drivers like Sergio Perez, Valtteri Bottas or Zhou Guanyu who lost their race seats for 2025. There's also been speculation about various Americans and ex-F1 drivers like Mick Schumacher. Bottas, a 10-time race winner for Mercedes, joked about the race to sign for Cadillac with a viral video on social media remarking on the 'nice seat' in a Cadillac SUV. 'I've known him for a long time. I know his sense of humor, I appreciate his sense of humor and he's got a big fan following,' Lowdon said. 'My phone got super busy almost immediately when (Cadillac's F1 entry) was confirmed. It was very clear that everyone wants to drive a Cadillac and so I guess Valtteri has just made it even more clear.' ___ AP auto racing:
