Jul 11 2019018332bhp group is moving ahead with plans to exit thermal coal according to people familiar with the matter the latest move by the worlds biggest miners to retreat from the dirtiest fuel.
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Inquiry OnlineAug 18 2020018332bhps looming exit from thermal coal comes after rio tinto sold its australian coal mines between 2015 and 2018 as south32 continues efforts to demerge is south african thermal coal.
Jun 21 2016018332top global miner bhp billiton outlined plans to boost coal output by 8 percent over the next three years while slashing costs and said it would only consider premium lowestcost assets for any.
Bhps new chief executive mike henry has signalled the mining giant could exit thermal coal and boost exposure to minerals used in green technologies as it looks to reposition itself for a lower.
Jul 12 2019018332bhp group is moving ahead with plans to exit thermal coal according to people familiar with the matter the latest move by the worlds biggest miners to retreat from the dirtiest fuel.
May 21 2019018332bhp chief financial officer peter beaven wayne taylor the presentation declares that the decarbonisation of the energy sector will see thermal coal.
Apr 20 2016018332bhp billiton entered into a multimillion dollar deal with saskpower to hype carbon capture and storage as a solution to burning coal and announced that it had a policy which supported keeping global warming to 2176c.
Bhp billitons thermal coal production falls 16 on year bhp billiton steps up coal output slices costs eyes jun 21 2016183 bhp billiton the worlds 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.
Bhp billiton metallurgical coal dave murray president metallurgical coal analysts and investors site visit queensland 2 june 2005 thermal 3540 mt thermal 3540 mt domestic 3028 mt domestic 3028 mt 312 mt domestic 312 mt export 206 mt export 206 mt seaborne 190 mt seaborne 190 mt land trade.
Bhp group the worlds biggest miner sees the outlook for thermal coal as challengedbhp wont add production as it prioritizes growth in commodities tied to the shift to renewable energy and.
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Bhp billiton the worlds largest mining group by market capitalization saw its thermal coal production take a hit over julyseptember due to adverse weather conditions but the company has maintained its guidance for fiscal 20162017 julyjune unchanged at 30 million tonnes it said in its quarterly operational review on october 19.
Diversified major bhp billiton considered coal an attractive commodity and one its portfolios core pillars bhp billiton cfo graham kerr said on tuesday speaking during a media.
Aug 20 2019018332bhp shareholders enjoy a 154 billion windfall from the sale of us onshore oil and gas interests as profits surge thanks to a stronger iron market and lower remediation costs from the brazilian.
Bhp billiton will axe almost 300 jobs from a coal mine in the nsw hunter valley the mining giant announced the 290 job cuts from its mount arthur mine on tuesday blaming a sharp decline in.
Paul anderson director and former head mining giant bhp billiton 2007 more recently the chief executive of cs energy one of australias major electricity generators has said its possible to retrofit this to existing coalfired plants but commercially the numbers dont stack up martin moore chief executive of cs energy 2017.
Oct 22 2013018332bhp billitons borneo coal concessions will be a disaster for local people the environment and our climate hendrik siregar is available for interview and comment during his time in london contact andrew hickman on 4407504738696 4407504738696 to arrange it.
Apr 20 2016018332bhp billiton is considering quitting its coal assets in indonesia where it recently started shipping steelmaking coal from a small mine amid uncertainty over indonesian regulations and a.
Aug 19 2020018332the worlds largest miner said more than a year ago it might ditch its dirty thermal coal assets now bhp has decided to go ahead mike henry chief executive of bhp.
Apr 20 2016018332for example bhp billitons assessment relied on data of thermal coal demand for 2014 even though the decline in the export coal trade which started in 2013 accelerated last year nor does the companys analysis acknowledge that its estimates of future coal demand from just a few years ago were hopelessly inaccurate.
Dec 02 2015018332bhp billiton asxbhp lonblt and rio tinto lon asxrio the worlds largest and second biggest mining companies respectively have been steadily cutting their exposure to thermal coal.
The cerrejon coal mine in southern guajira province photo despacioorg 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.
Bhp increased metallurgical coal production 17 in the december quarter to 11mt following the completion of significant planned wash plant maintenance activities in the prior quarter guidance for the 2020 financial year remains unchanged at between 41mt and 45mt with a stronger second half performance expected in line with bhps plans.
Nov 27 2017018332south32 which was itself spun off from bhp billiton in 2015 said it would split its south african coal business which supplies domestic energy giant eskom into a.
Sep 03 2020018332a mechanical shovel loads coal into a truck at the peak downs open cut coal mine owned by bhp billiton mitsubishi alliance near moranbah queensland 21 march 2005 robert pearcethe sydney.