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…
Read MoreAustralian miner Whitehaven Coal is reportedly looking at options to sell a 20% stake in the Blackwater mine to global steelmakers as it works to finalize a US$3.2 billion deal for the asset and fellow Bowen Basin mine, Daunia, according to Bloomberg. “Interest is very, very strong” in relation to a stake in Blackwater, CEO Paul Flynn recently told analysts.…
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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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DRA Global will be performing a major design package for Whitehaven Coal’s Vickery extension project in New South Wales after being selected for the contract as a preferred supplier. Full story.
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