Mining News — BHP Group Insists On Ditching Coal Mining Assets In Australia
In what has been a sharp thorn in the side of the world’s largest metals miner, BHP Group, coal mining assets are coming under pressure from government entities and investors in Australia’s booming mining industry.
This dilemma is exemplified by the company’s latest deal to sell its Blackwater and Daunia coal mines located in Queensland. The company Whitehaven Coal agreed to purchase the two coal mining sites for more than $4 billion, according to the update provided by ABC Capricornica.
Don’t be misguided by sources claiming that renewable energy power is rapidly replacing coal mining assets. Coal is still a siginificant part of the global energy mix, regardless of future energy security concerns. Just look at an example of Bulgarian coal miners stage a roadblock protest against the EU’s decision to close coal mines in Stara Zagora.
