BHP, the world’s largest miner, has seen its plan to divest thermal coal assets stalled amid the recent rally in coal prices in the global energy crunch, sources with knowledge of the matter have told Bloomberg . BHP said last year that it would look to exit thermal coal projects following investor pressure to prepare for a world of declining thermal coal demand and the drive for decarbonization. The miner said it would look to divest thermal coal, used to generate electricity, and focus more on retaining assets of coking coal, or metallurgical coal, used for steelmaking. BHP’s thermal coal assets of New South Wales Energy Coal and Cerrejon “have further upside potential to be unlocked through productivity and growth, but are unlikely to compete for capital within BHP,” chief executive Mike Henry said on an earnings call in August 2020. A year later, as the rally in natural […]