By Stuart Condie

 

BHP Group Ltd. aims to keep mining coal at its Mt Arthur operation in Australia's New South Wales state until 2030 after failing to secure what it called a viable offer for the business.

BHP on Thursday said it had conducted a trade sale process for New South Wales Energy Coal. It decided to seek approval to continue mining beyond its current mining consent, which expires in 2026.

"Continued mining in the near term and moving to a closure in 2030 provides the optimal financial outcome when compared to alternate options," BHP said in a statement.

 

Write to Stuart Condie at stuart.condie@wsj.com

 

(END) Dow Jones Newswires

June 15, 2022 20:23 ET (00:23 GMT)

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