BHP Mitsubishi Alliance, a joint venture between Australian miner BHP and Mitsubishi Development Pty Ltd, has agreed to sell the Blackwater and Daunia metallurgical coal mines in Queensland to Whitehaven Coal for at least $3.2 billion.
The transaction is expected to be completed in the June 2024 quarter. Until then, BHP will continue to operate the assets in question.
As SteelOrbis reported previously, the company had revealed its intention to sell the mines in February this year.
Blackwater mine has metallurgical coal reserves of 183 million mt and Daunia has metallurgical coal reserves of 67 million mt, according to BHP’s annual report.
