According to The Australian Financial Review, BHP Group is moving ahead with plans to exit thermal coal, according to people familiar with the matter, the latest move by the world's biggest miners.
BHP is looking at options to divest the business that includes assets in Australia and Colombia, said the people, who asked not to be identified as the development had not been made public. There was no guarantee the company would go ahead with a sale, the people said.
Rio Tinto Group, the second-biggest miner, has already removed all exposure to thermal coal and other producers including Anglo American have cut production amid growing pressure from investors concerned about climate change.
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