08
Nov
07:54
BHP sells coal assets to Stanmore Resources
Australian miner BHP is continuing the company's transition away from large carbon emitting operations by selling its coal assets. The miner has agreed with Stanmore Resources to sell its 80% stake in BHP Mitsui Coal (BMC), offloading two Queensland coal mines and associated infrastructure, Kallanish notes.
The purchase price comprises $1.1 billion cash on completion, $100 million in cash six months after completion and the potential for up…
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Anonymous
Very good overview of the weekly steel market.
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