BHP Looking for Buyers for its Gregory Coal Mine

Bloomberg reported that BHP is consdering selling its Gregory Coal mine in Queensland, due to stubbornly low coal prices.

As quoted in the market report:

In addition to divestment, the company is assessing options for the Gregory Crinum complex to further extend the operation’s life,” the Melbourne-based company said today in an e-mailed statement. “BHP Billiton metallurgical coal will continue to review its portfolio of assets to ensure alignment with the company’s strategy.

To view the whole Bloomberg report, click here.