BHP Nears $1.25 Billion Deal to Sell Controlling Stake in Two Coal Mines

BHP Group Ltd. is nearing a deal to sell its controlling interest in two metallurgical coal mines to Australian coal miner Stanmore Resources Ltd. for about $1.25 billion, according to people familiar with the matter.
The deal could be announced in the coming days, assuming talks don’t break down in the interim, the people said.