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Derek Rose

Whitehaven to buy two coal mines for up to $6.4b

Whitehaven BHP Whitehaven Coal Coal Mitsubishi Blackwater Queensland

Whitehaven Coal will pay up to $6.4 billion for two coking coal mines in central Queensland in a "transformational" deal that's been praised by a union but criticised by coal sceptics.

Whitehaven is buying the Daunia and Blackwater mines from the BHP-Mitsubishi venture after lodging the winning bid.

"This transaction has delivered a good outcome for the BHP Mitsubishi Alliance, our workforce and the communities around the Blackwater and Daunia operations," BHP Australian minerals president Geraldine Slattery said on Wednesday.

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