BHP fails to find buyer for Australian coal project, to run for 8 years and shut

BHP fails to find buyer for Australian coal project, to run for 8 years and shut

Iron ore awaits loading at BHP Billiton Ltd.'s loading facility at Nelson Point in Port Hedland, Australia, on Wednesday, Jan. 21, 2009. Photographer: Nelson Ching/Bloomberg News

Global miner BHP Group Ltd said on Thursday it had been unable to sell its New South Wales Energy Coal (NSWEC) thermal coal unit and would now run the operation for another eight years before shutting it down.