Whitehaven set to get Daunia, Blackwater for up to US$4.1B

WHITEHAVEN Coal has executed definitive sale agreements with BHP Group and Mitsubishi Development to buy the Daunia and Blackwater metallurgical coal mines in Queensland’s Bowen Basin for up to US$4.1 billion cash.

Whitehaven set to get Daunia, Blackwater for up to US$4.1B Whitehaven set to get Daunia, Blackwater for up to US$4.1B Whitehaven set to get Daunia, Blackwater for up to US$4.1B Whitehaven set to get Daunia, Blackwater for up to US$4.1B Whitehaven set to get Daunia, Blackwater for up to US$4.1B

Whitehaven chief executive Paul Flynn said the acquisition of Daunia and Blackwater coal mines would be highly value accretive.

The acquisition will make Whitehaven a metallurgical coal producer with pro-forma managed run-of-mine production of about 40 million tonnes per annum and turning out roughly 70% metallurgical coal and