Divestment Review
BHP and Mitsubishi Development have today completed the sale of BMA's Daunia and Blackwater Mines, to Whitehaven Coal.
President Australia Geraldine Slattery said:
"The divestment of Blackwater and Daunia is part of our proactive strategy to upgrade our portfolio of higher-quality metallurgical coal. More than 85% of BMA production is now premium hard coking coal sought after by global steelmakers to help increase and lower emissions.
"We are grateful for the contribution of Blackwater and Daunia to the BHP Mitsubishi Alliance over many years, and wish Whitehaven well as they take the assets into their next chapter.
"BMA's Queensland metallurgical coal operations are well positioned to meet strong future demand, with a dedicated port located close to our Bowen Basin mines, coal blending capabilities and proximity to growing customer markets such as India."
Mount Arthur Coal pathway
Following a review of all available options, BHP has made a decision to keep Mt Arthur Coal in its portfolio and seek the relevant approvals to continue mining beyond its current mining consent that expires in 2026, as part of a responsible process to cease mining in 2030 and provide a pathway to closure for the operation.
BHP completes the divestment of its BMC interest
BHP has completed the sale of its 80 per cent interest in BHP Mitsui Coal (BMC) to Stanmore SMC Holdings Pty Ltd, a wholly owned entity of Stanmore Resources Limited (Stanmore Resources).
BHP completes the divestment of its Cerrejón interest following clearance in Colombia with commitments
Questions and support
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