BHP's Plan to Exit Thermal Coal Is in Doubt
- Shift in investor attitude also puts brakes on planned exit
- BHP under less pressure to sell the asset, people familiar say
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BHP Group’s exit from thermal coal is looking less certain as record prices and shifting investor attitudes put the brakes on its planned retreat from the dirtiest fuel, according to people familiar with the matter.
The company has been planning its thermal coal exit for at least two years -- BHP has already sold a stake in the Cerrejon thermal coal mine in Colombia and is nearing a deal to sell some Australian coking coal mines.