Following the completion of the sale of Queensland-based Poitrel and South Walker Creek coking coal mines less than a year ago, Australian miner BHP Billiton has launched another divestment of its coking coal assets. BHP has announced that it would be looking for buyers for its open-cut metallurgical coal mines Daunia and Blackwater. The BHP Mitsubishi Alliance operates seven mines in the Bowen Basin, including those being sold. BMA President Mr Mauro Neves said “The decision is consistent with BHP's strategy to focus our portfolio on the highest quality metallurgical coal assets sought-after by global steelmakers to support greater efficiency and lower emissions in their operations.”He added “We expect the divestment review process to take up to 18 months, and we will keep our people and the community informed as we progress.”
Following the completion of the sale of Queensland-based Poitrel and South Walker Creek coking coal mines less than a year ago, Australian miner BHP Billiton has launched another divestment of its coking coal assets. BHP has announced that it would be looking for buyers for its open-cut metallurgical coal mines Daunia and Blackwater. The BHP Mitsubishi Alliance operates seven mines in the Bowen Basin, including those being sold. BMA President Mr Mauro Neves said “The decision is consistent with BHP's strategy to focus our portfolio on the highest quality metallurgical coal assets sought-after by global steelmakers to support greater efficiency and lower emissions in their operations.”He added “We expect the divestment review process to take up to 18 months, and we will keep our people and the community informed as we progress.”
