Original article by Glen Norris
The Australian – Page: 16 : 3-Apr-24
Whitehaven Coal MD Paul Flynn says the company is committed to Australia’s coal sector "for the long haul", following the completion of its deal to acquire two coal mines in Queensland’s Bowen Basin. Whitehaven announced the $6.4bn deal to buy the Blackwater and Daunia coking mines in October, and Flynn says 95 per cent of their employees have agreed to stay on under the mines’ new ownership. Whitehaven has also advised that global steelmakers have expressed strong interest in the proposed sale of a 20 per cent stake in the Blackwater mine.
CORPORATES
WHITEHAVEN COAL LIMITED – ASX WHC