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Nov 12, 2019· BHP Group is looking at options to exit its remaining coal mines in Colombia and Australia. That would leave Anglo with Glencore Plc as the only two Western majors with thermal coal .
Aug 25, 2016· F TSE 100 giant BHP spun off South32 last year in a bid to simplify its structure. South32 mines lesserknown minerals such as manganese ore, used in stainless steel, as well as alumina, coal ...
Jul 11, 2019· BHP Group is moving ead with plans to exit thermal coal, according to people familiar with the matter, the latest move by the world''s biggest miners to retreat from the dirtiest fuel.
Jul 20, 2020· BHP scales new production heights despite COVID19 BHP is reportedly struggling to find a suitable offer for the sale of its Mt Arthur thermal coal mine in New South Wales.
The IndoMet Coal Project (ICP) (which was initially referred to by BHP Billiton as the Maruwai coal project), covers five potential coal deposits in East and Central Kalimantan in Indonesia. The coal deposits were discovered by BHP Billiton in the late 1990''s but initial development of the first of the five deposits within the broad project area the Haju coal project did not commence until ...
BHP Group has rejected early offers for its Australian thermal coal business that missed the miner''s own valuation as the yearlong hunt for a buyer continues, according to people familiar with ...
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 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 ...
Feb 24, 2019· BHP owns per cent of Cerrejon, which produces a highquality thermal coal. Glencore and Anglo own the other two equal parts in the business. Thermal coal .
Dec 03, 2015· "BHP and Rio have pretty much got out of thermal coal, but most people in Australia, particularly the politicians, have not woken up to this fact," chief executive of 350 Australia, Blair Palese ...
Jun 19, 2013· All up, BHP Billiton''s total direct share of the coal produced is a little over 63 million tonnes for 2012, making it one of the world''s largest exporters of thermal coal. Nor is it that the company is short on thermal coal resources: it has measured resources alone, based on mid2012 data, of the best part of seven billion tonnes of it.
Aug 22, 2017· BHP Billiton''s headline attributable profit was US, a big turnaround from a record US loss a year earlier which had been impacted by .
At 639m, revenue in the first half of the year is only 13% of the coal division''s total. Kerr did not agree that BHP Billiton''s metallurgical coal business had outshone the thermal coal business, saying there were high performing assets in both.
However, BHP has previously said its thermal coal business only contributed about 3% of turnover and that if a good offer came along it would be willing to sell. There are a handful of companies, including Australia''s Whitehaven Coal, China''s Yancoal and India''s Adani Enterprises, that have expressed interest in the Mt Arthur mine.
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 ...
India will soon begin auctioning coal blocks for commercial mining purposes, as the Union cabinet headed by Prime Minister Narendra Modi on Wednesday approved a methodology that puts an end to the .
Sep 13, 2019· BHP Billiton this year signalled its intention to exit the thermal coal business, Rio Tinto last year divested from large coal assets and Glencore has agreed to cap its current coal production ...
Thermal coal is the heat source for around 40% of all electricity generated globally today. In South Africa, thermal coal is what the country uses most to generate its electricity. In fact, around 77% of South Africa''s primary energy needs are provided by coal. This is unlikely to change in the foreseeable future as there is a distinct lack of ...
Dec 01, 2015· Royalty company Anglo Pacific eyes bigger presence in Australian mining By Peter Ker Updated December 1, 2015 — first published November 30, 2015 —
Neither company has publicly stated their position to exit the thermal coal market, but activist outfit chief executive Blair Palese said: "BHP and Rio have pretty much got out of thermal ...
Nov 27, 2017· South32 has become the latest mining group to back out of coal by signalling its intention to exit its thermal coal business in South Africa. ... which was itself spun off from BHP Billiton in ...
While there''s strong interest in thermal coal assets from private equity, there''s much less appetite among major miners to add production of the fuel. BHP itself is looking to exit the business as growing climate change concerns have weakened its longterm demand outlook and ratcheted up pressure from investors to ditch the dirtiest fossil ...
Analysts say Mr Henry has three big strategic decisions to make — the future of the company''s oil assets, whether to exit thermal coal and if BHP should build a giant potash mine in Canada.
The Cerrejon coal mine in southern Guajira province. Photo: South32, the company spun off by BHP Billiton in 2015, has decided thermal coal is so threatened by renewables and unloved ...
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