Agree, having large customers take equity in the Daunia/Winchester South and Blackwater met-coal mines turns them into partners for the long haul. This is exactly why Mitsubishi was welcomed by BHP.
It's good for the customers as it gives them priority at times of supply shortage due to breakdown weather and shipping delays.
It de-risks the projects from the point of view of the providers of debt capital who have a very cold-blooded view of downside risk, given they don't benefit from upside risk. This reduces the cost of the debt to WHC.
Ann: December 2023 Quarterly Report, page-51
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$7.65 |
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| Price($) | Vol. | No. |
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