, Columnist
Australian Thermal Coal Leaves Investors Cold
This business may fetch much less than similar assets sold by Rio Tinto three years ago. Blame tumbling wind and solar energy prices.
An ill wind for Australian coal.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
When you’re in the business of buying and selling, timing is everything.
That’s the costly lesson facing BHP Group, which is looking at options to divest its thermal coal assets according to a report Thursday by Thomas Biesheuvel of Bloomberg News that cited people familiar with the matter.