Steelmaking Coal (discontinued)

Discontinued steelmaking coal operations in Queensland's Bowen Basin (Capcoal open-cut and underground, Moranbah North, Grosvenor and JVs), classified as held for sale with divestment to Peabody Energy in progress; the Jellinbah interest was sold in November 2024. 2025 production fell 43% to 8.2 Mt reflecting the Jellinbah sale and suspension of mining at the Grosvenor longwall following the June 2024 underground fire; impairments of $209M (Moranbah-Grosvenor) and $255M (Capcoal) were recognised. Pending sale not yet closed at the reporting date - emitted per divestment-edge-case rule.