Anglo American sells coal assets to Peabody for $3.8bn
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
Britain’s remaining coal-fired power plants could enjoy an 11th-hour revival in the early 2020s despite the Government’s drive to cut carbon emissions, if ministers choose not to risk raising household energy prices.
Fresh research has revealed a change of fortunes for the dwindling fleet of power plants, unless ministers use the autumn budget to raise taxes on carbon at a cost of almost £1bn to consumers.
