Oct 18 (Reuters) - BHP Group Ltd (BHP) :
- BHP AND MITSUBISHI DEVELOPMENT SIGNED ASSET SALE AGREEMENTS TO DIVEST BLACKWATER AND DAUNIA MINES
- EACH OF BHP AND MDP HOLD A 50% INTEREST IN BMA
- TWO UNITS OF WHITEHAVEN COAL HAVE AGREED TO ACQUIRE BLACKWATER MINE AND DAUNIA MINE RESPECTIVELY FOR CASH CONSIDERATION OF UP TO US$4.1 BILLION
- WHITEHAVEN COAL WILL ASSUME ECONOMIC AND OPERATING CONTROL OF DAUNIA AND BLACKWATER MINES ON COMPLETION OF SALE
Personally, I can’t see the BHP sitting on approx aud$3b in cash after reducing EPS.
Will the funds look for a home in lithium and add to BHP’s missing link. I am sure with Mitzubishi’s experience in trading lithium they may want to continue the relationship in some capacity.
shorts are pushing their luck sector
wide.
not advice
Pls shorted, page-456
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