ADELAIDE, Australia—The world’s largest mining company abandoned the sale of its last thermal-coal mine, and said it would aim to close the Australian pit in 2030.

Despite record-high coal prices, BHP Group Ltd. said it failed to find a buyer for the Mt Arthur mine, which is one of Australia’s biggest coal operations but is technically complex and will have a large cleanup bill when it closes.

This post first appeared on wsj.com

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