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BHP eyes exit from thermal coal mining within two years. Sky News Australia. Yesterday at 12:50 AM #183; BHP Chief Executive Mike Henry has told Sky News the mining giant is planning to complete its transition away from thermal coal mining in two years.
While thermal coal makes up a fraction of BHPs profits, its led to some investors saying they cant hold the stock. Norways 1 trillion sovereign wealth fund last month got the green light to dump more than 13 billion in stocks linked to fossil fuels, including companies that mine more than 20 million tons of thermal coal, pushing Anglo American and BHP out of reach.
BHP eyes exit from thermal coal Nick Evans. Speculation has been mounting that BHP wants out of thermal coal, no doubt with one eye on their long term future.
BHP has said it expects to produce 28m29m tonnes of thermal coal this year. In a recent report, Deutsche Bank valued the business at However, bankers believe BHP could struggle to find a
The Cerrejon coal mine in southern Guajira province. Photo: Bob Burton. South32, the company spun off by BHP Billiton in 2015, has decided thermal coal is so threatened by renewables and unloved by investors it plans to offload its four South African coal mines. Once the sale is completed, South32 will be all done with thermal coal.
BHP Group has rejected early offers for its Australian thermal coal business that missed the miners own valuation as the yearlong hunt for a buyer continues, according to people familiar with
BHP eyes exit from thermal coal mining within two years 18/08/2020 | 13min BHP Chief Executive Mike Henry has told Sky News the mining giant is planning to complete its transition away from
BHP Group PLC () is advancing plans to exit thermal coal and is looking at options to divest the business, which includes assets in Colombia and Australia, Bloomberg reports. There is no guarantee that BHP will proceed with the sale, according to Bloomberg. Full story: https:///2XGDBJZ
BHP is the world''s largest exporter of coking coal, but has largely moved away from thermal coal mining. The company is targeting net zero emissions from its operations in the second half of this
#0183;#32;BHP Group is moving ead with plans to exit thermal coal, according to people familiar with the matter, the latest move by the worlds biggest miners to retreat from the dirtiest fuel.
BHP is preparing for the early end of thermal coal and huge opportunities in electric vehicles, renewable energy technologies, and a decarbonised future far different from the Coalition government.
Hogsback reckons the shareholders of BHP and banks should be protesting at their annual general meetings about the need to invest in thermal coal not give up on it. Not only is it providing employment and economic growth to regional Australia, royalties, and tax receipts, it is also helping to pay generous dividends to shareholders around the country.
BHP''s new chief executive Mike Henry has signalled the mining giant could exit thermal coal and boost exposure to minerals used in green technologies as it looks to reposition itself for a lower
BHP Chief Executive Mike Henry has told Sky News the mining giant is planning to complete its transition away from thermal coal mining in two years.
BHP Group could follow its rival AngloAustralian miner Rio Tinto and exit thermal coal, according to analysts. In a recent strategy update, which picked out decarbonisation as a key strategic
South32, the company spun off by BHP Billiton in 2015, has decided thermal coal is so threatened by renewables and unloved by investors it plans to offload its four South African coal mines.
BHP Billiton Metallurgical Coal Dave Murray President, Metallurgical Coal Analysts and Investors Site Visit Queensland Abundant supply of low ash thermal coals used Geographically diverse supply sources Technical shift to LV/ULV PCI coals limited availability.
bhp: exit plan for lowquality coal assets Melbourne, Aug 18 BHP has announced plans to exit its remaining thermal coal operations in Australia and Colombia as well as lowerquality metallurgical coal production at the end of a year in which the COVID19 pandemic resulted in flat financial performance.
For example, BHP Billitons assessment relied on data of thermal coal demand for 2014 even though the decline in the export coal trade which started in 2013 accelerated last year.
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