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    BHP sells old Qld coal mines for $US3.5 billion

    kitsiosgeo by kitsiosgeo
    October 18, 2023
    in Australia
    0
    BHP sells old Qld coal mines for $US3.5 billion

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    BHP has made good on its promise to withdraw from Queensland by selling its old coal mines to Whitehaven Coal.

    The sale price is expected to be around $US3.5 billion.

    BHP has made no secret of its displeasure towards the Queensland government.

    Especially after Treasurer Cameron Dick said he would strip BHP of their assets if they were left unused.

    The strained relationship came after the state sharply raised royalties on coal miners earlier this year.

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    Tags: BHPBillionCoalminesQLDSellsUS3.5
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