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BHP BHP Group Limited

43.21
-2.11 (-4.66%)
26 Apr 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
BHP Group Limited ASX:BHP Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.11 -4.66% 43.21 43.14 43.15 43.75 43.12 43.60 16,891,082 07:10:41

BHP Aims to Mine Mt Arthur Coal Until 2030 After Scrapping Sale

16/06/2022 1:38am

Dow Jones News


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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)

Copyright (c) 2022 Dow Jones & Company, Inc.

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