Whitehaven Coal completed the acquisition of Daunia and Blackwater coal mines from BHP and Mitsubishi Development for $4.1bn.

Whitehaven Coal, an emerging company in the coal mining industry, completed the acquisition of Daunia and Blackwater coal mines from BHP, an Anglo-Australian multinational mining and petroleum company, and Mitsubishi Development, a holding company of Mitsubishi’s mineral resources investments in Australia, for $4.1bn. “This is a compelling transaction for Whitehaven that accelerates our strategy, transforms our company and delivers substantial value for our shareholders. This transformational acquisition will pivot our portfolio towards metallurgical coal, which has been a core pillar of our strategy for many years making this a better balanced business. Our thermal coal business remains strategically important as we continue to provide much-needed coal products to support the global energy transition and as customers seek our high-quality and high-CV products to limit their emissions," Paul Flynn, Whitehaven CEO & Managing Director.