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.

The American giant is reviewing its options after the second fire at a project – this time Moranbah North – in the portfolio in less than 12 months.

Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) said Thursday it continues to work with Peabody Energy (NYSE:BTU) to conclude the sale of its Australia coal mining operations for $3.78B, adding the Moranbah North coal mine is stable with no evidence of damage after a fire.