Photo: Whitehaven Coal Australian miner Whitehaven Coal has entered into separate deals with Japan’s Nippon Steel and JFE Steel for the sale of a joint venture interest of 20% and 10%, respectively, in its Blackwater coal mine in Queensland. The transactions total US$1.08 billion, and are expected to close in the first quarter of 2025. “We look forward to working…
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BHP divests Queensland met coal mines
BHP and Mitsubishi Development Pty (MDP) have agreed to sell the Blackwater and Daunia metallurgical coal mines, which are part of the BHP Mitsubishi Alliance (BMA) joint venture in Queensland, to two Whitehaven Coal subsidiaries for a cash consideration of up to US$4.1 billion. Full story.
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