No, BHP is not currently selling the Blackwater mine; the divestment of this asset has already been completed.
Blackwater Mine Divestment Details
BHP, in collaboration with Mitsubishi Development Pty Ltd (MDP), has finalized the sale of the Blackwater mine, alongside the Daunia mine, to Whitehaven Coal. These mines were previously operated as part of the BHP Mitsubishi Alliance (BMA), a metallurgical coal joint venture situated in Queensland.
The divestment signifies that the ownership transfer has concluded, and BHP no longer holds an interest in the Blackwater mine through the BMA joint venture.
- Key Aspects of the Completed Divestment:
- Mines Involved: Blackwater Mine and Daunia Mine.
- Previous Joint Venture: BHP Mitsubishi Alliance (BMA).
- JV Partners and Holdings:
- BHP held a 50% interest in BMA.
- Mitsubishi Development Pty Ltd (MDP) also held a 50% interest in BMA.
- Purchasing Entity: Whitehaven Coal.
- Status: The sale process is complete, meaning the mines are now under Whitehaven Coal's ownership.
Transaction Overview
This table provides a summary of the key information regarding the Blackwater mine divestment:
| Aspect | Details |
|---|---|
| Transaction Status | Divestment Completed |
| Assets Sold | Blackwater Mine, Daunia Mine |
| Former JV Entity | BHP Mitsubishi Alliance (BMA) |
| Former JV Partners | BHP (50% interest), Mitsubishi Development Pty Ltd (MDP) (50% interest) |
| Acquiring Company | Whitehaven Coal |
