Insight
Whitehaven a met coal heavyweight after BMA deal
Report summary
The much-anticipated Blackwater and Daunia sale has finally been announced, after months of market speculation. Whitehaven Coal has agreed with BHP Mitsubishi Alliance (BMA) to buy both mines for a price that could reach US$4.1 billion. The deal, which we believe will be well received by both parties, will launch Whitehaven to become the fourth largest global seaborne exporter of metallurgical coal. BHP and Mitsubishi reduce their overall exposure to coal, with cash to invest in other businesses.
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