Whitehaven to Buy Two BHP Coking Coal Mines in Queensland

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(Bloomberg) -- BHP Group Ltd., the world’s biggest miner, said it agreed to sell two more Australian coking coal operations to Whitehaven Coal Ltd. as it...

-- BHP Group Ltd., the world’s biggest miner, said it agreed to sell two more Australian coking coal operations to Whitehaven Coal Ltd. as it extends its withdrawal from fossil fuels.Spokespeople for the companies declined to offer further details on the size of the sale. Whitehaven was placed in a trading halt in early Australian hours Wednesday, before BHP released a statement in its quarterly production report confirming the sale.

Henry has also focused on shedding costlier mines and argues BHP should only retain its highest-quality metallurgical coal operations which can potentially help customers limit some emissions in the steelmaking process. Royalties on output imposed by Queensland’s government mean the coal mines are unlikely to win major investment in the future, he previously said.BHP will be the No.

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