BHP completes transfer of Mount Arthur land to Malabar Resources

The Australian mining company BHP Billiton has announced the legal transfer of approximately 3,700 hectares of its coal mine on Mount Arthur to the Australian company Malabar Resources. The move is part of BHP's plan to responsibly wind down operations at Mount Arthur by 2030, while ensuring continued mining value and regional economic stability.

Liz Watts, vice president of NSW Energy Coal at BHP, said: "Our commitment is clear, we want to focus on the environmental, economic and social outcomes when closing the mine to help set up the region for long-term success and ensure a positive legacy from BHP's mining in the Hunter Valley."

The agreement provides for BHP to leverage infrastructure synergies: the existing Maxwell underground mine in Malabar will use the mine's void to store tailings from Mount Arthur, increasing safety and cost-effectiveness upon closure.