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Daunia Mine is an open cut coal mine in Queensland's Bowen Basin, producing hard coking coal and pulverised coal injection coal. It was acquired by Whitehaven Coal in 2024 from BHP Group and Mitsubishi Development Pty Ltd.
- Daunia mine
- 100% ownership
BHP and Mitsubishi Development Pty Ltd ( MDP) have signed Asset Sale Agreements to divest the Blackwater and Daunia mines, which are part of the BHP Mitsubishi Alliance ( BMA) metallurgical coal joint venture in Queensland. Each of BHP and MDP hold a 50% interest in BMA.
Oct 18, 2023 · Whitehaven Coal announces a US$3.2 billion deal to acquire 100% of the Daunia and Blackwater metallurgical coal mines from BHP Group and Mitsubishi Development Pty Ltd. The acquisition is expected to be earnings accretive, diversify Whitehaven's end markets and increase its production and revenues.
Apr 9, 2024 · The Daunia coal mine is a metallurgical open-cut coal mine in Queensland that commenced operations in 2013. It is owned by a 50:50 joint venture between BHP Billiton and Mitsubishi, known as BHP Billiton Mitsubishi Alliance . [4]
- Mr Paul Flynn, CEO & Managing Director of Whitehaven, said:
- Presentation webcast / teleconference with Q&A by Analysts
- Appendix 2: JORC Reserves and Resources Summary in relation Whitehaven Coal’s announced acquisition of BMA's Daunia and Blackwater coal mines
- Whitehaven JORC Processes
- Inferred Resources included in Production Targets
- Purpose
“This is a compelling transaction for Whitehaven that accelerates our strategy, transforms our company and delivers substantial value for our shareholders. “This transformational acquisition will pivot our portfolio towards metallurgical coal, which has been a core pillar of our strategy for many years making this a better balanced business. Our ...
Managing Director and CEO, Paul Flynn will present on the Acquisition, followed by a Q&A session with sell-side analysts.
The information in this Appendix relates to the Coal Reserves and Coal Resources for the Daunia and Blackwater metallurgical coal mines (the “Assets”).
Following the completion of the acquisition, Whitehaven Coal intends to commission an independent Resource and Reserve for the Assets and incorporate into the annual JORC Resource/Reserve process. BHP presented Resource categorisation and estimates have been independently audited and form the basis of the assessments completed during Whitehaven Coa...
There is a low level of geological confidence associated with inferred mineral resources and there is no certainty that further exploration work will result in the determination of indicated mineral resources or that the production target itself will be realised.
Coal Development and Resource Retention Coal Development and Resource Retention Coal, Gaseous Hydrocarbons Coal, Gaseous Hydrocarbons Coal, Gaseous Hydrocarbons (cutting and constructing thereon water races, drains, dams, reservoirs, tramways, powerlines, and roads to be used in connection with such mining) Coal, Gaseous Hydrocarbons Coal Coal, Gas...
Oct 18, 2023 · BHP has made another move away from coal mining, selling its Blackwater and Daunia mines. The new owner, an Australian company, will take over operations from June next year.
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Feb 21, 2023 · BHP is selling its Daunia and Blackwater mines; The metallurgical coal mines are owned by BMA, a joint venture between BHP and Mitsubishi; Daunia Mine only opened a decade ago
