another step in the right direction, page-3

Bhps decision to keep its nsw thermal coal assets in its primary legal vehicle is a good side for long term viability of thermal coal in Australia (assets with a return of greater than 21% will make up the main company and the rest put in the demerged company). Coal resources in the Bowen basin (think it is coking coal) make up one of bhps 4 pillars, which is another good sign for economics of coal mining in the Bowen basin, although I suspect bhp can leverage the size of its operations to produce at a lower cost than other producers.