On April 2, 2024, Whitehaven Coal completed the acquisition of 100% of the Blackwater metallurgical coal mine from BHP and Mitsubishi Development (“Mitsubishi”) (together, BHP Mitsubishi Alliance (“BMA”)).
On 21 August 2024 Whitehaven entered into binding agreements with Nippon Steel Corporation and JFE Steel Corporation for the sale to those parties of a joint venture interest in the Blackwater coal mine of 20% and 10% respectively for an aggregate cash consideration of US$1.08 billion. The transactions are expected to complete by the first quarter of calendar year 2025.
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