BHP Group Limited BHP completes divestment of Daunia and Blackwater
2024年4月2日 - 3:00PM
RNS Regulatory News
RNS Number : 9084I
BHP Group Limited
02 April 2024
BHP Group Limited
Exchange release
2 April 2024
BHP completes the divestment of Daunia and
Blackwater
BHP and Mitsubishi Development Pty Ltd
(MDP) have completed the
divestment of the Blackwater and Daunia mines to Whitehaven
Coal.
Daunia and Blackwater were part of the BHP
Mitsubishi Alliance (BMA)
metallurgical coal joint venture in Queensland. Each of BHP and MDP
hold a 50% interest in BMA.
Whitehaven Coal has paid BMA US$2.0 billion cash
consideration on completion plus a preliminary completion
adjustment of US$44.1 million for working capital and other agreed
adjustments (100% interest basis). Whitehaven Coal paid
a US$100 million deposit on signing of the Asset Sale
Agreement on 18 October 2023.
US$1.1 billion cash remains payable by
Whitehaven Coal to BMA over 3 years after completion and a
potential additional amount of up to US$900 million in a
price-linked earnout may also be payable by Whitehaven Coal to BMA
over 3 years (100% interest basis). The price-linked
earnout is subject to a cap of US$350 million each year and depends
on average realised pricing exceeding agreed thresholds for each of
the 3 years following completion on 2 April
20241.
The total cash consideration for the transaction
will be up to US$4.1 billion plus the final completion adjustment
amount.
1 Contingent payments
based on 35% revenue share to BMA, subject to average realised
prices achieved by the Assets exceeding thresholds of US$159/tonne
in the 12 month period 12 months post completion, US$134/tonne in
the 12 month period 24 months post-completion and US$134/tonne in
the 12 month period 36 months post completion.
Authorised for release by Stefanie Wilkinson,
Group Company Secretary.
Contacts
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+1 (403) 605-2314
Renata Fernandaz
+56 9 8229 5357
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Americas
Monica Nettleton
+1 (416) 518-6293
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BHP
Group Limited
ABN 49 004 028 077
LEI WZE1WSENV6JSZFK0JC28
Registered in Australia
Level 18, 171 Collins Street
Melbourne
Victoria 3000 Australia
Tel: +61 1300 55 4757 Fax: +61 3 9609
3015
BHP Group is headquartered in
Australia
bhp.com
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