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BHP Group Ltd. said it will sell its controlling interest in two metallurgical coal mines to Australian coal miner Stanmore Resources Ltd. for up to $1.35 billion.
BHP AU:BHP said Stanmore AU:SMR will buy its 80% stake in BHP Mitsui Coal, or BMC, which operates the South Walker Creek and the Poitrel coal mines in Queensland, a coal-rich Australian state located in the northeastern part of the country. Japan’s Mitsui and Co. JP:8031 owns the remaining stake.
The…
