03
Apr
02:18
BHP completes Daunia and Blackwater divestment
Global miner BHP and its joint venture partner Mitsubishi Development have completed the divestment of the Blackwater and Daunia coking coal mines in Australia to Whitehaven Coal, Kallanish notes.
BHP says in a statement that Whitehaven Coal has paid its joint venture firm BHP Mitsubishi Alliance (BMA) $2 billion cash consideration on completion plus a preliminary completion adjustment of $44.1 million for working capital and other agreed adjustments. Blackwater …
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