BHP pins its hopes on a met coal future

BHP has retained a positive outlook for its metallurgical coal business despite taking the decision to divest its thermal coal and inferior coking coal businesses.

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BHP pins its hopes on a met coal future BHP pins its hopes on a met coal future BHP pins its hopes on a met coal future BHP pins its hopes on a met coal future BHP pins its hopes on a met coal future

BHP's Caval Ridge mine in Queensland.

BHP chief financial officer Peter Beaven told an analysts' presentation that the company's metallurgical coal business was gearing up for productivity gains and lower unit costs in the medium term.