Australian 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 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.
Read MoreDRA picks up Vickery extension contract
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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