https://newsletter.en.creamermedia.com
Business|Coal|Steel
Business|Coal|Steel
business|coal|steel

Whitehaven’s metallurgical coal acquisition unconditional

8th March 2024

By: Creamer Media Reporter

     

Font size: - +

Australian coal miner Whitehaven is on track to double the size of its business and transform the company into a leading metallurgical coal producer.

The ASX-listed miner has satisfied all conditions precedent to allow for the completion of its acquisition of the Daunia and Blackwater mines from the BHP Mitsubishi Alliance (BMA).

On completion on April 2, Whitehaven will pay $2-billion to BMA, which is the balance of the upfront consideration together with customary completion adjustments, to be funded by a $1.1-billion term facility and cash held on the balance sheet.

MD and CEO Paul Flynn said Whitehaven and BMA were well prepared for a smooth transition.

“I thank the teams at Whitehaven, BMA, BHP and Mitsubishi who have been working hard preparing for the transition. We are well placed to take ownership of the new assets and to seamlessly maintain supply for our steel-producing customers across Asia. I also thank our shareholders, suppliers, community members and other important stakeholders who have supported us through the acquisition process,” said Flynn.

Edited by Creamer Media Reporter

Comments

Research Reports

Latest Multimedia

Latest News

consumer
South Africa inflation falls to 3.3% y/y in August
17th September 2025 By: Reuters

Showroom

Invincible Valves
Invincible Valves

Established in 1982, Invincible Valves is a medium-sized enterprise in Germiston, serving global and local markets.

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.089 0.178s - 184pq - 2rq
Subscribe Now