Anglo American has reportedly commenced arbitration proceedings against Peabody Energy following the cancellation of a purchase agreement for the former’s steelmaking coal assets. According to a Reuters report, Peabody retracted its offer of almost $3.8bn for Anglo American's Australian coking coal assets in August. This decision came after the two companies could not reach an agreement on reducing the price following a fire at the Moranbah North mine in Queensland. Peabody had initially agreed to acq ...