World’s Biggest Miner Scraps Immediate Thermal-Coal Exit
Share this @internewscast.com



ADELAIDE, Australia—The world’s largest mining company abandoned the sale of its last thermal coal mine, and said it would aim to close the Australian pit in 2030.

Despite record-high coal prices, BHP Group Ltd. said it failed to find a buyer for the Mt Arthur mine, which is one of Australia’s biggest coal operations but is technically complex and will have a large cleanup bill when it closes.

Share this @internewscast.com
You May Also Like

MIDAS SHARE TIPS: For steady 5G profit try Spirent Communications

In 2013, around 2.5 billion people used the internet worldwide. Today, more…

Mailchimp bans crypto content creators without prior notice

The email marketing platform Mailchimp appears to have suspended its services to…

The Idle Rocks Is Cornwall’s Best-Kept Culinary Secret

The Idle Rocks serves Michelin-worthy dishes on the Cornish coastline The Idle…

The Great Real Estate Tumble Of 2022

In addition to the stock & bond market’s volatile woes, housing just…

Cardinal Health CEO Steps Down

Aug. 11, 2022 10:39 am ET Listen to article (2 minutes) Cardinal…

Old Forester Birthday Bourbon 2022 Will Be For Sale Through Nationwide Sweepstakes For First Time Ever

The 2022 Old Forester Birthday Bourbon Old Forester For bourbon enthusiasts, speculators,…

What Industries Do Well In An L-Shaped Recession?

Getty Images Key takeaways Credit Suisse analyst Zoltan Pozsar sees the U.S.…

Ex-Cop Faces 87 Months In Prison For Jan. 6 Riot—Tying For Longest Sentence

Topline A former Virginia police officer was sentenced Thursday to more than…