BHP Plans to Keep Remaining Coal After Completing Mine Sales

BHP Group Ltd., the world’s biggest miner, plans to keep its remaining metallurgical coal assets after completing an existing sale process, pointing to a strong outlook for higher-quality raw materials.

Efforts to divest BHP’s interests in the Daunia and Blackwater sites in Queensland are ongoing, Chief Development Officer Johan van Jaarsveld told reporters Thursday in Melbourne. BHP co-owns the operations in a joint venture with Mitsubishi Corp., and its stakes are worth about $4.2 billion, according to Liberum Capital Ltd.

“The assets that are left are the best met coal assets in the world, and also ...