BHP Completes Sale of Another 2 Queensland Mines

Published on April 3, 2024

BHP and Mitsubishi Development, through their joint venture BHP Mitsubishi Alliance, have completed the sale of its Blackwater and Daunia coal mines in Queensland to Whitehaven Coal in a deal expected to be worth up to US$4.1 billion (AU$6.3 billion). “This is a significant milestone for Whitehaven that transforms us into a leading metallurgical coal producer and will deliver benefits for all of our stakeholders,” Whitehaven Coal CEO Paul Flynn said. “We are well placed to execute a smooth transition and to integrate the Daunia and Blackwater mines into the Whitehaven portfolio.” BHP to Limit Queensland Investments BHP announced the proposed sale of the two coal mines to Whitehaven in October last year, months after the mining giant said it would no longer invest in further growth in Queensland due to the state’s significantly high coal royalties....

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