Deals
BHP Is Latest Giant Miner to Plan Exit From Thermal Coal
- Producer is looking at options to divest thermal coal business
- Smaller rival Rio Tinto sold last coal mines last year
Photographer: Luke Sharrett/Bloomberg
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BHP Group is moving ahead 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.
BHP is looking at options to divest the business that includes assets in Australia and Colombia, said the people, who asked not to be identified as the development has not been made public. There’s no guarantee the company will go ahead with a sale, the people said.