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WHITEHAVEN COAL LIMITED — M&A Activity 2024
Apr 1, 2024
66059_rns_2024-04-01_4a6ed3b3-5ace-4d91-9b6b-ed09260d9c23.pdf
M&A Activity
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ASX ANNOUNCEMENT
2 April 2024
Whitehaven Coal’s acquisition of Daunia and Blackwater metallurgical coal mines completes
Whitehaven Coal (Whitehaven) is pleased to announce the completion of its acquisition of 100% of the Daunia and Blackwater metallurgical coal mines and all of the shares in South Blackwater Coal Pty Ltd from BHP and Mitsubishi Development (“Mitsubishi”) (together, BHP Mitsubishi Alliance (“BMA”)).
Paul Flynn, Managing Director & CEO, said:
“This is a significant milestone for Whitehaven that transforms us into a leading metallurgical coal producer and will deliver benefits for all of our stakeholders.
“I thank the teams at Whitehaven, BMA, BHP and Mitsubishi and our advisors who have worked hard to help us complete this strategically important acquisition. We are well placed to execute a smooth transition and to integrate the Daunia and Blackwater mines into the Whitehaven portfolio.
“We are excited to welcome the teams at Daunia and Blackwater into our business and we look forward to working with the local community and other stakeholders who will remain an important part of our operations.”
Information about the acquisition is included in the market presentation released on 18 October 2023.
Whitehaven will provide its next update to the market on 19 April 2024 as part of its March quarter production report.
Investor contact
Kylie FitzGerald +61 2 8222 1155, +61 401 895 894 [email protected]
Media contact
Sam Deans +61 2 8222 1178, +61 449 988 209 [email protected]
This announcement is authorised for release to the market by the Managing Director and CEO.
Whitehaven Coal Limited ABN 68 124 425 396 Level 28, 259 George Street, Sydney NSW 2000 | 02 8222 1100 | [email protected] | www.whitehavencoal.com.au