It’s mainly PCI, their lower grade coke. This is really just greenwashing. Stanmore got a good deal, as BHP offload to lower emissions at what I see as a discount. Albeit the discount is probably due to the fact that large mining companies can’t buy this asset due to green push from their largest pension fund holders. Meanwhile the assets life will no doubt be prolonged and continue.
Id have preferred BHP demerged this and all their coal assets into a separate listed company. Like they did with S32.
I won’t be buying Stanmore to get access to these assets. BHP still holds the Crown Jewels.
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It’s mainly PCI, their lower grade coke. This is really just...
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