BHP Sale Daunia Met Mine, page-7

It has recently been in press that UBS are seeking $2bn for BHP's JV interest in Daunia and Blackwater mines.
Daunia produces 4-5 mtpa of Met coal and Blackwater 13 mtpa of thermal/met coal.

BHP and Japanese are sellers and there are not to many buyers so i would think the ultimate price will be attractive to the buyer not seller.

Stanmore is the most likely buyer of Daunia for around $600m - this is easily paid for by accrued cash following the acquisition of BMC assts in 2022.

If SMR does buy Daunia then SMR will rerate sharply again. By way of simple comparison SMR would then produce 17mtpa of Met for a market cap of $2.9bn versus Whitehaven coal producing 19mpta with market cap of $7.9bn .

Daunia would be too big for BCB currently and BCB's focus should be on ramping up production to 5mtpa target in 2024.