Whitehaven is the preferred bidder for the Daunia and Blackwater mines in Queensland which BHP is selling to extend its withdrawal from fossil fuels.
BHP will sell two Australian coking coal operations to Whitehaven Coal as the world’s biggest miner extends its withdrawal from fossil fuels.
The Daunia coal mine in Queensland is one of the two mines put up for sale by BHP and its partner, Japan’s Mitsubishi. Since 2021, BHP has announced sales of coal, oil and gas assets in locations including Australia, the US and Colombia under CEO Mike Henry’s strategy to refocus the producer’s portfolio on materials tied to growth in renewable energy, electric vehicles and agriculture. The Melbourne-based company this year completed itsand boost volumes of copper, a key transition metal.
The producer has no current plans to consider sales of other Queensland coking coal operations, Chief Development Officer Johan van Jaarsveld said earlier this month in Melbourne.
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