Blackwater and Daunia mines — 100% acquisition

What the public record says

Whitehaven reported completion on 2 April 2024 and operational control from 3 April. Original terms separated US$2.1bn upfront, US$1.1bn deferred and up to US$900m contingent consideration, subject to adjustments. This is a two-mine bundle; no separate mine price is disclosed here.

Asset

Blackwater and Daunia mines — 100% acquisition

Public date

2 Apr 2024

Buyer

Whitehaven Coal

Seller

BHP Group and Mitsubishi Development (BMA)

Recorded consideration

US$3.2bn upfront/deferred + up to US$900m contingent, subject to adjustments

Evidence

Buyer completion announcement and original acquisition terms

What “completion disclosed” establishes

It establishes that the cited company, exchange or sold-property source expressly recorded a completed transaction or sold result. It is stronger evidence than an undated marketplace badge because the public record identifies a completion event, date or formal acquisition context.

It does not automatically establish every item transferred. A transaction can involve shares, land, leases, projects, plant, contracts, data, rehabilitation obligations or several assets. The original disclosure governs the scope.

How to read the consideration

The recorded consideration is reproduced in short factual form. Cash, shares, deferred payments, contingent amounts, debt, working capital and assumed liabilities are not economically interchangeable. Where the public source did not separately disclose a value, this archive says so.

This is a historical evidence note, not a valuation comparable. A responsible comparison needs the transaction date, asset bundle, project stage, approvals, technical disclosure, liabilities and market conditions.

What still needs checking

• The exact legal interests, land and authorities included.
• Whether conditions, consents or third-party approvals applied.
• How any share, contingent or deferred value was calculated.
• The asset’s current ownership, name, operating status and obligations.
• Any later transaction, restructure, closure, rehabilitation or relinquishment.

Add a better source

If you hold a later annual report, regulator notice, sale notice or correction, send the public link and explain the field it changes. Family or former-worker records can add context, but they remain separately attributed from legal transaction evidence.