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BHP sells met coal assets for $4.1bn

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.

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

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

BHP has been working to exit fossil fuel positions, as it pivots to focus on energy transition. The miner in 2022 sold it petroleum assets to Woodside Energy, and also divested the South Walker Creek and...

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