General Discussions, page-11311

Agree @Tassy3 Post #: 62035626

'After a fruitless two-year search for a buyer, BHP has failed to find a buyer for its Mount Arthur mine in the Hunter Valley.'

Another stranded coal asset that a multinational will have to write-off on it's books. IMO, this reflects one of the things that may really be happening with global markets.

Not only has the fiat economy been challenged but a new economic environment is emerging in its place. Ultimately, old business models and practices (oil & coal), old economic strategies and structures, old out-of-date values and beliefs change, they are being replaced by the new-age global economic system that multinationals like BHP will rue in their decisions to underinvest in. Adding to their woes is Putin’s Carbon Tax (Russia-Ukraine conflict) which has revised the global economic framework for discussion and just highlights their lack of investment in the exploration space per se.

Therefore, are we seeing a downturn or is it really the start of a more aggressive transition to renewables? After all, we always need energy and as the law of conversation of energy states that energy moves from one to the other. So, the system has the same amount of energy no matter what.

@Topo is BHP one of the top 40 miners you had in mind? They would certainly be able to workout simple purification methods at a drop of a hat!

Exciting times. Exciting future.

All IMO, DYOR, GLTA(patient & LT)H