BHP could sell BMC in bid to decarbonize, iron ore shines in 2019-20 fiscal performance

摘要

BHP is mulling the sale of its 80% owned BHP Mitsui Coal, or BMC, coking coal operation in Queensland, along with two thermal coal mines, in a bid to decarbonize its portfolio of commodities, the company said on Aug.18. BHP's share of production at BMC in the fiscal year ending June 30 was 9.54 million mt. Japan's Mitsui & Co owns 20% of BMC which is comprised of the South Walker Creek and Poitrel mines in central Queensland. The company said in its fiscal 2020 results announcement that BMC produced lower quality met coal and it would "pursue our options to divest in our interests" in the operation. Two thermal coal assets, New South Wales Energy Coal, and Cerrejon in Colombia, are also potentially up for sale.