Buy BTU by Aug 16, 2026.

Anglo American, just agreed to sell its Australian steelmaking coal business to Dhilmar for up to $3.875 billion, consisting of $2.3 billion upfront and the rest tied to price-linked earnouts. The buyer is paying for 306 million tons of marketable reserves and 14 million tons of current annual production. That works out to a private-market valuation of about $12.66 per ton of reserves and a massive $276.79 per ton of annual production capacity. Now, look over at Peabody Energy, the …