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Whitehaven’s $6b coal deal is about taking risk off the table

A deal to buy two Queensland coal mines from BHP is a potential game changer for Whitehaven.

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Recent history says there are few riskier commodities than coal in financial markets.

But at its core, Whitehaven Coal’s epic $US4.1 billion ($6.4 billion) deal to buy the Daunia and Blackwater metallurgical coal mines in Queensland from BHP is an exercise in taking risk off the table for both parties.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/whitehaven-s-5-billion-coal-deal-is-about-taking-risk-off-the-table-20231018-p5edbd