BHP sells out of coking coal mines it jointly owns with Mitsui

Australian miner aims to decarbonize but Japanese trader will keep investment

20211108 BHP Mitsui

BHP will sell its 80% stake in BHP Mitsui Coal for up to $1.35 billion, while Mitsui & Co. will keep the remaining 20%. (Source photos by Reuters and screenshot from BHP's website) 

FUMI MATSUMOTO, Nikkei staff writer

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.

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