London (CNN Business) The world's largest mining company is looking to reduce its exposure to coal as opposition to high-carbon energy sources takes hold. BHP BHPLF , which is based in Melbourne, Australia, said Tuesday that it will try to sell its 80% stake in the BHP Mitsui Coal joint venture, which owns two Queensland mines that produce lower-quality coking coal, which is used for steelmaking. It's also looking to offload its thermal coal assets in Australia and Colombia. Shares trading on the London Stock Exchange fell 2.6% after the company reported earnings. Henry is also focusing BHP's coal portfolio on higher quality coking coal mines.

Source: CNN August 18, 2020 17:26 UTC