Ann: WHC:Acquisition of Daunia and Blackwater mines announcement, page-6

  1. 5,485 Posts.
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    These were also lower grade mines with large rehab liabilities. Always made sense getting out the moment comrade Anna came in with surprise taxes. A good way to kill the golden goose QLD.

    Note BHP is deploying significant capital outside Australia. I assume this trend will continue. SA looks safe for copper at this point given the lack of mining or anything in that state, so the government isn’t hostile, rather encouraging investment.

    Proceeds merely reducing debt per the announcement, we only had a 50% interest in it anyway.
 
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