SYDNEY -- BHP Group on Monday announced it has signed a deal to sell out of coking coal mines in Australia amid a global push for decarbonization.
BHP will sell its 80% stake in BHP Mitsui Coal to Stanmore SMC Holdings, an Australian resource company, for up to $1.35 billion. The remaining 20% will be kept by Mitsui & Co. The sale is expected to complete in the middle of 2022.
