BHP Aims to Mine Mt Arthur Coal Until 2030 After Scrapping Sale
June 15 2022 - 7:38PM
Dow Jones News
By Stuart Condie
BHP Group Ltd. aims to keep mining coal at its Mt Arthur
operation in Australia's New South Wales state until 2030 after
failing to secure what it called a viable offer for the
business.
BHP on Thursday said it had conducted a trade sale process for
New South Wales Energy Coal. It decided to seek approval to
continue mining beyond its current mining consent, which expires in
2026.
"Continued mining in the near term and moving to a closure in
2030 provides the optimal financial outcome when compared to
alternate options," BHP said in a statement.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
June 15, 2022 20:23 ET (00:23 GMT)
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