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BHP to Weigh Pullout from Coal Mining - CEO

Coal News - Published on Fri, 23 Aug 2019

Image Source: SteelGuru
Mr Andrew Mackenzie CEO of BHP said that BHP considering selling off coal assets, a move that would join global peers in the move toward environmentally sustainable businesses. We increasingly have concluded that this is not a business that is going to offer the prospects for growth and would compete for capital compared to our other businesses.

BHP owns the Mount Arthur thermal coal mine in the Australian state of New South Wales, as well as the Cerrejon project in Colombia; the company's thermal coal production fell 6% YoY to 27M metric tons during the latest fiscal year ended June.

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Posted By : Sanju Moirangthem on Fri, 23 Aug 2019
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