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.