BHP to offload BMC Queensland coal assets
BHP has flagged plans to offload the Bowen Basin metallurgical coal mines it owns in joint venture with Japan's Mitsui and Co.
In its annual results presentation today the company said it would pursue options to divest its interests in BHP Mitsui Coal (BMC) as well as thermal coal businesses New South Wales Energy Coal and the Cerrejón mine in Colombia.
BHP holds an 80 per cent stake in BMC, which owns and operates South Walker Creek mine and Poitrel mine in Central Queensland.
Despite the company reporting a 4 per cent drop in annual profits, BHP chief executive. . .
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