BHP may withdraw thermal coal assets in the future
2019-05-24 18:09:59 [Print]
Recently, BHP, an Australian miner, said that with stricter global regulation of carbon emissions and stronger voices to resist coal, the company said it might withdraw from thermal coal assets in the future.
BHP indicated that it is planning to withdraw thermal coal operation gradually due to the uncertain future of the coal industry.
At present, BHP operates Mount Arthur in New South Wales, Australia, and Cerrejon in Colombia. The company holds the entire stake in Mount Arthur and 33.33% of the stake in Cerrejon.
In 2018, the Mount Arthur produced 18.216 million tons of thermal coal and the holding part of Cerrejon produced 12.878 million tons.
BHP indicated that it is planning to withdraw thermal coal operation gradually due to the uncertain future of the coal industry.
At present, BHP operates Mount Arthur in New South Wales, Australia, and Cerrejon in Colombia. The company holds the entire stake in Mount Arthur and 33.33% of the stake in Cerrejon.
In 2018, the Mount Arthur produced 18.216 million tons of thermal coal and the holding part of Cerrejon produced 12.878 million tons.
