BHP optimizes NSW coal assets despite sale rumors
2020-09-18 11:47:17 [Print]
BHP is continuing to review its Mt Arthur coal operations, including making moves to lower operating costs, despite the mining giant expressing its interest to sell the New South Wales mine.
In its annual report, BHP reflected on transitioning its New South Wales Energy Coal (NSWEC) assets, including Mt Arthur, with a new product quality strategy, resulting in reduced volumes but an increased product quality.
The company is working to reduce costs at its NSWEC assets in the short term, to ensure viable and resilient long term mining options. "Work is underway to review mine planning and operating alternatives to structurally reduce costs in the near term and ensure a viable mining operation which is resilient during low price cycles," BHP stated in the report.
"New South Wales Energy Coal continues to plan for the most productive path through steeply dipping resources and securing the required regulatory approval to continue operations post financial year 2026," said the Company.
In its annual report, BHP reflected on transitioning its New South Wales Energy Coal (NSWEC) assets, including Mt Arthur, with a new product quality strategy, resulting in reduced volumes but an increased product quality.
The company is working to reduce costs at its NSWEC assets in the short term, to ensure viable and resilient long term mining options. "Work is underway to review mine planning and operating alternatives to structurally reduce costs in the near term and ensure a viable mining operation which is resilient during low price cycles," BHP stated in the report.
"New South Wales Energy Coal continues to plan for the most productive path through steeply dipping resources and securing the required regulatory approval to continue operations post financial year 2026," said the Company.
