Tag: Mt Arthur

BHP responds to calls for a low emission operation

BHP responds to calls for a low emission operation

Continuing its commitment to a low emission future, BHP has put Mt Arthur coal mine, in the Hunter Valley up for sale, with JP Morgan and Macquarie Bank taking the lead in the sale. Previous statements from BHP said that thermal coal was a small part of their business, with only a 3% turnover contributing to its overall portfolio. Mt Arthur is an open-cut thermal coal mine and is currently wholly owned by BHP. BHP’s annual report show that Mt Arthur has government approved extraction permits of up to 36 million mt/year and produced 6,150 kcal/kg NAR coal with 19.4% ash and 0.61% sulphur. The company has pledged support for the 2015 Paris climate accord and follows other mining companies...

Mt Arthur Coal Mine: Community service

Mt Arthur Coal Mine: Community service

CHINESE demand for seaborne energy coal increased in 2019 despite increased demand for other forms of power, according to BHP’s latest economic and commodity outlook published in February this year. The report, focused on the first half of 2020, states demand for energy coal is expected to retain competitiveness in India and other populous, low-income emerging markets for a much longer time. The International Energy Agency (IEA) forecasts coal demand in Southeast Asia will grow by more than five pc per year through to 2024, led by Indonesia and Vietnam, and with new plants being developed in South Asia. IEA’s energy markets and security director Keisuke Sadamori said global trends will ultimately depend on China, where half of the world’s...