BHP sells Queensland coal mines to Whitehaven for reported $6.4b
The move is unlikely to be popular with Whitehaven stakeholder, Bell Rock, which wants a shareholder vote on the deal
BHP is exiting coal, while Whitehaven is moving from thermal to coking coal for steel production.
BHP has selected ASX-listed Whitehaven Coal as the preferred bidder for two coal mines in Queensland, according to the global miners’ quarterly production report released today.
No details were released on the sale of the the Blackwater and Duania mines but Australian reports have put the value of
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