Original article by Angus Grigg
The Australian Financial Review – Page: 1 & 5 : 3-Dec-15

Australian-listed BHP Billiton and Rio Tinto have both significantly reduced their thermal coal production since 2008. Rio Tinto has also offloaded some $US2bn worth of thermal coal mines in recent years, while the future of its Hunter Valley mines is uncertain, and BHP spun off some of its thermal coal mines into South32. While coal divestment lobby groups such as 350 Australia have welcomed the big miners’ move to reduce their exposure to coal, Rio Tinto’s Sebastien Jacques recently forecast that global demand for thermal coal will remain strong.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, SOUTH32 LIMITED – ASX S32, 350 AUSTRALIA, PENGANA GLOBAL RESOURCES FUND, CITIGROUP PTY LTD, INSTITUTE FOR ENERGY ECONOMICS AND FINANCIAL ANALYSIS, UNITED NATIONS, SOUTHGOBI RESOURCES LIMITED, BLOOMBERG LP