Divestment of the Blackwater and Daunia mines
Mitsubishi Development Pty Ltd (MDP) and BHP have signed an agreement with Whitehaven to divest the Blackwater and Daunia mines, which are part of the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland. MDP holds a 50% interest in BMA.
Whitehaven is an Australian coal producer listed on the Australian Stock Exchange (ASX). Whitehaven has a strong track record as a responsible and reliable operator.
This divestment, in line with our strategy, aims to focus on higher quality metallurgical coal assets within BMA which are expected to support the energy transformation.
For details of the sale, please refer to the announcement by Mitsubishi Corporation.