Bhp Billiton Eyes Exit From Thermal Coal

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End Coal | South32’s shift away from thermal coal puts BHP,

The Cerrejon coal mine in southern Guajira province. Photo: Despacio.org. 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.Behind the scenes BHP Billiton fears for thermal coal’s future,While data from BHP Billiton’s portfolio analysis is part of what was presented to Macquarie Research analysts it is already looking dated. For example, BHP Billiton’s assessment relied on data of thermal coal demand for 2014 even though the decline in the export coal trade which started inBHP threatens to quit world coal body over climate policy,,One of BHP’s main rivals, Rio Tinto, has moved over the past two years to exit from thermal coal, a fossil fuel burnt in power stations to generate electricity. But BHP said it was committed to the fuel, in spite of its pledge to make tackling climate change a “priority governance and strategic issue”.

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BHP | A leading global resources company

BHP Results for the year ended 30 June 2018 BHP released its full year results on 21 August 2018. Andrew Mackenzie, Chief Executive Officer and Peter Beaven, Chief Financial Officer reviewed the Company's operating and financial performance.BHP Billiton: Increasing Shareholder Return - BHP Billiton,,BHP Billiton is considering the de-merger of its non-core assets, including nickel, thermal coal, and aluminium. Some of these assets have low profit margins.The latest BHP Billiton coal news | World Coal,BHP: metallurgical coal production down, thermal coal up Thursday, 18 January 2018 12:51 BHP reports declines in metallurgical coal production due to issues at Broadmeadow and Blackwater.

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BHP Billiton's thermal coal production falls 16% on year,

Sydney — Mining giant BHP Billiton expects further declines in its thermal coal production in fiscal 2016-2017 after periods of drought and heavy rain took aSouth32 backs out of coal with South African exit - Telegraph,BHP Billiton S outh32 has become the latest mining group to back out of coal by signalling its intention to exit its thermal coal business in South Africa. Graham Kerr, chief executive, admitted that thermal coal, used in power plants, had become an unattractive to investors and “difficult to price” over the long term.BHP Billiton: Increasing Shareholder Return - BHP Billiton,,BHP Billiton is considering the de-merger of its non-core assets, including nickel, thermal coal, and aluminium. Some of these assets have low profit margins.

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BHP Billiton still sees coal as an ‘attractive commodity’

Diversified major BHP Billiton considered coal an “attractive commodity” and one its portfolio’s core pillars, BHP Billiton CFO Graham Kerr said on Tuesday. Speaking during a media,BHP Billiton sells Indonesian coal assets to Adaro | Reuters,BHP Billiton said on Tuesday it has agreed to sell its coal assets in Indonesia to its partner, Adaro Energy, following a slump in prices for metallurgical coal.Rio Exits Coal Business With $4 Billion of Deals in a Week,,Mar 27, 2018· 观看视频· In 2017, the Kestrel mine produced 4.25 million metric tons of hard coking coal and 0.84 million tons of thermal coal. Rio will decide in August whether to use proceeds from the Kestrel sale to fund additional returns to investors, Jacques said in the Saturday interview.

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BHP Billiton says likely to quit global coal lobby group,

BHP Billiton says likely to quit global coal lobby group WCA BHP, which has largely quit mining coal for power plants but is the world's largest exporter of coal for steel-making, said it would seek responses from the World Coal Association over policy differences before making a final decision on whether toBHP works on exiting U.S. oil-and-gas assets - MarketWatch,MELBOURNE, Australia--BHP Billiton Ltd. (BHP.AU) said work is underway to exit its U.S. onshore oil-and-gas assets, after it sold a small portion of its Hawkville shale acreage in Texas in the,BHP, Rio quietly exit coal: report - theaustralian.au,Australia's largest miners BHP Billiton and Rio Tinto have begun their exit from coal, quietly selling coal mines and appearing unlikely to approve new ones, according to The Australian Financial,

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BHP Billiton's coal interests - SourceWatch

BHP Billiton stated in its 2013 annual report that it "is one of the world’s largest producers and marketers of export energy coal (also known as thermal or steaming coal) and is a domestic supplier to the electricity generation industry in Australia, South Africa and the United States.BHP and Rio Tinto are quietly exiting coal | afr,Coal divestment group 350 Australia has taken Rio Tinto and BHP Billiton off its target list, saying the global miners are unlikely to approve new coal projects and have been quietly selling assets.South32 looking for new owners of coal assets | IOL,,Firm embarks on search for new players in thermal coal in bid to widen ownership of business.,which was spun out of mining giant BHP Billiton in 2015.,South32 in partial exit from SA.

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BHP - Wikipedia

BHP, formerly known as BHP Billiton, is the trading entity of BHP Billiton Limited and BHP Billiton plc, an Anglo-Australian multinational mining, metals and petroleum dual-listed public company headquartered in Melbourne, Victoria, Australia.BHP Billiton steps up coal output, slices costs, eyes,,BHP Billiton, the world’s top exporter of coking coal used in steelmaking and also a producer of energy coal, is in the enviable position of running profitable coal mines at a time when more,Rio Tinto's Coal Mining Canary Just Stopped Tweeting,,Mar 28, 2018· Anglo American will produce about the same amount of thermal coal in 2020 as it produced in 2016 Source: Company reports, Gadfly calculations Note: Based on 2020 company forecasts as a percentage of 2016 production.

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BHP threatens to quit world coal body over climate policy

One of BHP’s main rivals, Rio Tinto, has moved over the past two years to exit from thermal coal, a fossil fuel burnt in power stations to generate electricity. But BHP said it was committed to the fuel, in spite of its pledge to make tackling climate change a “priority governance and strategic issue”.BHP to exit coal alliance over climate change policy,,Business BHP to exit coal alliance over climate change policy. The world's biggest mining company has threatened to leave the World Coal Association and review its membership of the US Chamber of,BHP Sticks With Long-Term Optimism For Coal - A 'Wish And,,IEA and BHP Billiton pessimistic in short term but moderately optimistic about thermal coal, buoyant about metallurgical coal in the long term.

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South32 looking for new owners of coal assets | IOL,

South32 is a JSE, London and Australian-listed mining and metals company, which was spun out of mining giant BHP Billiton in 2015. The company’s energy-coal business in South Africa has three operating mines, which produced almost 29 million metric tons of the fuel last year.BHP Billiton (ASX: BHP) Comes Up Short on Thermal Coal,Noted Australian mining major BHP Billiton (ASX: BHP) has stated that while the company put up a strong show in the second quarter as far as iron ore, petroleum, copper, and coking coal went, it did not meet expectations for thermal coal.For coal miners, it's time to exit or get rich: Russell,,An example of the public exit from the business is South32 , the Perth-based miner spun out of BHP Billiton which is in the process of selling out of its thermal coal assets in South Africa.

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Rio Tinto Group eyes total exit from coal – Emirates Business

The fuel, which generates about 40 percent of the world’s electricity, is one of BHP Billiton Ltd.’s main strategies, while Anglo American Plc has pulled back on plans to sell out of the commodity.South32’s shift away from thermal coal puts BHP to shame,,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.BHP Confirms Plan To Drop 'Billiton' From Its Name – ShareCafe,BHP Billiton has confirmed that it plans to ask shareholders at its UK and Australian annual meetings to remove the word “Billiton” from its name, around 17 years after taking over Billiton Plc and becoming the world’s biggest mining company.

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Speculation Feasting On BHP's Cash Pile - FNArena

BHP Billiton ((BHP)) generated substantial cash flow in FY18, achieving efficiency gains that offset cost pressures. Realised prices for all commodities, excluding natural gas, copper and thermal coal were up half on half and nickel, oil and coking coal stood out in terms of volume growth.Mike Salamon: The miner with his eye on the big picture,,Mike Salamon knows a thing or two about mining. Yesterday, he unveiled the latest results from New World Resources, the FTSE 250-listed coal miner that he leads as executive chairman.BHP, Rio quietly exit coal: report | The Courier-Mail,Australia's largest miners BHP Billiton and Rio Tinto have begun their exit from coal, quietly selling coal mines and appearing unlikely to approve new ones, according to The Australian Financial,

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BHP Billiton sells Gregory Crinum coal for $100m | afr

The acquisition of BHP Billiton's Gregory Crinum mine has not fully satisfied Japanese trading house Sojitz, which will consider buying more Australian coking coal assets in the near future.BHP Billiton watches as Rio Tinto exits Hail Creek and Valeria,There has been no indication from BHP that it could follow Rio and look to exit coal but sources said yesterday that the miner would have kept a close eye on proceedings.South32 in talks with Anglo American to buy manganese unit,,An example of the public exit from the business is South32 , the Perth-based miner spun out of BHP Billiton which is in the process of selling out of its thermal coal assets in South Africa.

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