Peabody Energy said it is reviewing an up to $3.78 billion deal to buy Anglo American’s steelmaking coal operations following a fire at an Australian mine.

US coal group Peabody Energy is “reviewing all options” relating to its purchase of Anglo American’s Australian metallurgical coal mines which it agreed in November to buy for up to $3.8bn in cash. Peabody said in a filing to the US Securities and Exchange Commission (SEC) that was taking this action “following an ignition event

Anglo American Plc said it’s still in talks with Peabody Energy Corp. to sell its coal portfolio for $3.78 billion, adding that a fire at its Australian operations hadn’t caused damage.