BHP abandons sale of Mt Arthur coal mine

Original article by Nick Evans
The Australian – Page: 17 & 20 : 17-Jun-22

BHP has shelved plans to sell the Mt Arthur thermal coal mine in New South Wales after the trade sale process did not attract a "viable" offer for the asset. The estimated $1bn cost of rehabilating the site when the mine closes is believed to have been a major deterrent for potential buyers. Mt Arthur had been slated to close in 2045, but BHP has advised that this will be brought forward to 2030. BHP says that keeping Mt Arthur open for another eight years will provide certainty for the mine’s 2,000 workers and the Hunter Valley community.

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