# Whitehaven to buy BHP's Daunia and Blackwater coal mines for $3.2B

BHP Group Ltd. agreed to sell its Daunia and Blackwater coking coal mines in Queensland, Australia, to Whitehaven Coal Ltd. for at least $3.2 billion, with additional contingent payments of up to $900 million.

- Type: Acquisition
- Announced: 2023-10-18
- Where: Queensland, Australia
- Value: $3.20B
- Status: announced
- Products: coking coal
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [BHP](https://endata.com/companies/8229.md) (target)
- [Whitehaven Coal](https://endata.com/companies/18817.md) (acquirer)
- [Mitsubishi Development](https://endata.com/companies/24905.md) (target)

## Sources

- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/whitehaven-to-buy-two-bhp-coking-coal-mines-in-queensland-1), 2023-10-18: "BHP Group Ltd. agreed to sell two Australian coking coal operations to Whitehaven Coal Ltd. for at least $3.2 billion"
- [listcorp.com](https://www.listcorp.com/jse/bhg/bhp-group-limited/news/bhp-announcements-divestment-of-daunia-and-blackwater-mines-2942108.html), 2023-10-18: "BHP and Mitsubishi Development Pty Ltd (MDP) have signed Asset Sale Agreements to divest the Blackwater and Daunia mines"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.