BHP shares hit 3-month high as deadline for formal Anglo bid looms

BHP has been working towards making a transition to commodities and away from coal-related assets.

The firm’s primary listing could come into focus due to a lack of shareholder support for a plan to split off its coal business and list it separately in New York.

The miner acquired 51% of PT Blue Sparking Energy by converting part of a loan to the company into equity.

A Greenpeace report states that coal-fired plants operated by Eskom account for five of the world’s 10 biggest single-source nitrogen-dioxide emission sites.

Consol Energy is facing the biggest threat to its operations.

The US exported about 74 million tons of coal last year, with Baltimore the second-largest terminal for the commodity.

The value of private credit deals in the oil and gas industry topped $9 billion in the 24 months through 2023, up from $450 million arranged in the preceding two years.

A recent spike in coal mine accidents had pushed authorities to order safety inspections at major mining hubs including Shaanxi and Inner Mongolia.

“China’s willingness to open up to the world, and the world’s willingness to work with China” is integral to the future of energy, BHP's Mike Henry said.