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.