According to the Australian BHP had been eyeing them or Anglo. Much higher quality coking assets than Daunia and Black. But would have always had to sell those 2 under anti trust rules to get approval for Anglos superior coking assets. So maybe this is part of it, they’ll buy them. Significant synergies would exist they are all amongst BHPs existing tier 1 assets.
Buyer pool is low and BHP can easily out flex any of the Australian minnows for these assets. WHC would likely need a capital raising for it and I can’t see them going for it when they just bought BHPs assets. More than enough to integrate.
lastly the communist QLD gov is likely to be thrown out. Liberals would likely remove or at least lower royalty rates to encourage investment and job creation (I’m speculating).
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