BHP sells Australian coking coal mines to Stanmore Resources in $US1.2b deal

Kaan Peker, an analyst with the Royal Bank of Canada, said BHP was expected to finalise its exit from thermal coal and lower-quality coking coal within the next 10-12 months, which would cut its coal volumes in half from 66 million tonnes a year to 33 million tonnes.

But its share of hard coking…