MANAGEMENT

Numbers stack up for Whitehaven bid for Kestrel

WHITEHAVEN Coal could buy Rio Tinto’s Kestrel longwall and Hail Creek open cut coal mines in Queensland for US$2 billion by borrowing up to $2.6 million, according to broking house UBS.

 The Kestrel longwall in Queensland.

The Kestrel longwall in Queensland.

NSW-based producer Whitehaven is considered a front-runner for the assets, which are going through a trade sale as Rio Tinto exits the coal business.   The company already has assets in the Gunnedah...

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