LONDON/MELBOURNE - The world’s largest mining company BHP Group has hired Macquarie Bank and JP Morgan to sell its Australian thermal coal mine, three sources said, as miners face increasing pressure to reduce their exposure to fossil fuels.
BHP and U.S. investment bank JP Morgan declined to comment. Australian bank Macquarie did not immediately respond to a request for comment. BHP has also been pressured by green groups and some shareholders to leave any industry associations with policies that fail to match the company’s support for the 2015 Paris climate accord.
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