Companies holding diversified portfolios in non-coal commodities will likely continue to expand their involvement in metals. Meanwhile, pure thermal coal producers are expected to broaden their presence in the metallurgical industry to ensure their sustainability in the long term.   Will Other BMA Assets be on the Market? BHP has recently sold its second-tier assets, the Blackwater and Daunia mines, to Whitehaven for a US$3.2bn package. This move has been long-awaited as BHP was looking to dispose of second-tier metallurgical assets and focus on high-quality assets from its BMA operations. With growing ESG concerns from shareholders, there are talks that BHP could potentially sell its other BMA assets as well. On an annual basis, the remaining BMA assets (Caval Ridge, Goonyella, Peak Downs, and Saraji) can produce around 54Mtpa of saleable coal (100% basis).