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Nov 27, 2017· South32 has become the latest mining group to back out of coal by signalling its intention to exit its thermal coal business in South Africa. ... which was itself spun off from BHP Billiton in ...
BHP Billiton this year signalled its intention to exit the thermal coal business, Rio Tinto last year divested from large coal assets and Glencore has agreed to cap its current coal .
Jul 12, 2019· BHP Group is moving ahead with plans to exit thermal coal, according to people familiar with the matter, the latest move by the world's biggest miners to retreat from the dirtiest fuel.
While there's strong interest in thermal coal assets from private equity, there's much less appetite among major miners to add production of the fuel. BHP itself is looking to exit the business as growing climate change concerns have weakened its long-term demand outlook and ratcheted up pressure from investors to ditch the dirtiest fossil ...
However, BHP has previously said its thermal coal business only contributed about 3% of turnover and that if a good offer came along it would be willing to sell. There are a handful of companies, including Australia's Whitehaven Coal, China's Yancoal and India's Adani Enterprises, that have expressed interest in the Mt Arthur mine.
Nov 12, 2019· BHP Group is looking at options to exit its remaining coal mines in Colombia and Australia. That would leave Anglo with Glencore Plc as the only two Western majors with thermal coal .
Aug 25, 2016· F TSE 100 giant BHP spun off South32 last year in a bid to simplify its structure. South32 mines lesser-known minerals such as manganese ore, used in stainless steel, as well as alumina, coal ...
The Cerrejon coal mine in southern Guajira province. Photo: Despacio. South32, the company spun off by BHP Billiton in 2015, has decided thermal coal is so threatened by renewables and unloved ...
BHP Group has rejected early offers for its Australian thermal coal business that missed the miner's own valuation as the year-long hunt for a buyer continues, according to people familiar with ...
Thermal coal is the heat source for around 40% of all electricity generated globally today. In South Africa, thermal coal is what the country uses most to generate its electricity. In fact, around 77% of South Africa's primary energy needs are provided by coal. This is unlikely to change in the foreseeable future as there is a distinct lack of ...
The IndoMet Coal Project (ICP) (which was initially referred to by BHP Billiton as the Maruwai coal project), covers five potential coal deposits in East and Central Kalimantan in Indonesia. The coal deposits were discovered by BHP Billiton in the late 1990's but initial development of the first of the five deposits within the broad project area - the Haju coal project-- did not commence until ...
If BHP Billiton is trying to sell its thermal coal businesses, it would have significant implications for the South African coal industry in which it is the third largest exporter. Last week French group Total said it was selling its South African coal business with Glencore Xstrata thought to be a .
Thermal Coal versus Steelmaking or Coking Coal. Thermal coal is younger and has a lower heat content. Steelmaking coal is older, harder and brittle and has more heat content. Thermal coal is for power plants and electrical generation. Coal Prices. The higher the calorific content of the coal, the more expensive it is (the energy or heat content)
Jun 19, 2013· All up, BHP Billiton's total direct share of the coal produced is a little over 63 million tonnes for 2012, making it one of the world's largest exporters of thermal coal. Nor is it that the company is short on thermal coal resources: it has measured resources alone, based on mid-2012 data, of the best part of seven billion tonnes of it.
Sep 13, 2019· BHP Billiton this year signalled its intention to exit the thermal coal business, Rio Tinto last year divested from large coal assets and Glencore has agreed to cap its current coal production ...
Neither company has publicly stated their position to exit the thermal coal market, but activist outfit 350 chief executive Blair Palese said: "BHP and Rio have pretty much got out of thermal ...
At $639m, revenue in the first half of the year is only 13% of the coal division's total. Kerr did not agree that BHP Billiton's metallurgical coal business had outshone the thermal coal business, saying there were high performing assets in both.
The group, which was spun out of BHP Billiton three years ago, has thermal coal, manganese and aluminium operations in Southern Africa, as well as mines in Australia, Colombia and Brazil. Kerr ...
Jun 18, 2020· Key takeaways from PM Narendra Modi's announcements on commercial coal mining With easy entry and exit norms for commercial coal auctions the government expects participation from Indian companies like Hindalco, Jindal Steel & Power, JSW Energy, Adani Group and Vedanta besides global miners like Peabody, BHP Billiton and Rio Tinto.
BHP is the world's largest exporter of coking coal, but has largely moved away from thermal coal mining. The company is targeting net zero emissions from its operations in the second half of this ...
Aug 22, 2017· BHP Billiton's headline attributable profit was US$5.89bn, a big turnaround from a record US$6.39bn loss a year earlier which had been impacted by .
Jul 11, 2019· BHP Group is moving ahead with plans to exit thermal coal, according to people familiar with the matter, the latest move by the world's biggest miners to retreat from the dirtiest fuel.
The Cerrejon coal mine in southern Guajira province. Photo: Despacio. Bob Burton. South32, the company spun off by BHP Billiton in 2015, has decided thermal coal is so threatened by renewables and unloved by investors it plans to offload its four South African coal mines. Once the sale is completed, South32 will be all done with thermal coal.
Dec 03, 2015· "BHP and Rio have pretty much got out of thermal coal, but most people in Australia, particularly the politicians, have not woken up to this fact," chief executive of 350 Australia, Blair Palese ...
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