ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Energy

BHP weighs pullout from coal mining as investors grow greener

Anglo-Australian giant sees promise in copper and nickel for electric cars

BHP may sell its stake in Australia's MacArthur coal mine.    © Reuters

SYDNEY -- BHP Group might sell off coal assets, the mining giant's chief hinted Tuesday, joining global peers in the move toward environmentally sustainable businesses as retail and institutional investors grow more sensitive to such issues.

"We increasingly have concluded that this is not a business that is going to offer the prospects for growth and would compete for capital ... compared to our other businesses," CEO Andrew Mackenzie said on an earnings call.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more