EnergyAnalysis: BHPâs Mt. Arthur bind illustrates miningâs coal dilemma
Melanie Burton
6 minute read
Visitors to the BHP (formerly known as BHP Billiton) booth speak with representatives during the Prospectors and Developers Association of Canada (PDAC) annual convention in Toronto, Ontario, Canada March 4, 2019. REUTERS/Chris Helgren
As BHP Group (BHP.AX) looks at options to spin off or sell its thermal coal assets, the miner is facing pressure from climate conscious investors who want divergent paths and that s even before getting to the tough task of finding a buyer.
The worldâs largest miner has been in talks with stakeholders on its plans to divest the Mt. Arthur thermal coal mine, its stake in a steel-making coal project with Japan s Mitsui (8031.T) and a stake in a thermal coal mine in Colombia.
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BHP’s Mt. Arthur bind illustrates mining’s coal dilemma
Mount Arthur thermal coal mine in Australia. (
Image courtesy of BHP.)
As BHP Group looks at options to spin off or sell its thermal coal assets, the miner is facing pressure from climate-conscious investors who want divergent paths and that’s even before getting to the tough task of finding a buyer.
The world’s largest miner has been in talks with stakeholders on its plans to divest the Mt. Arthur thermal coal mine, its stake in a steel-making coal project with Japan’s Mitsui and a stake in a thermal coal mine in Colombia.
Analysis: BHP’s Mt Arthur bind illustrates mining’s coal dilemma netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
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FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo
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