The $US3.5 billion-plus auction for BHP’s Blackwater and Daunia mines is creating a corporate stoush in an unexpected place: Whitehaven Coal.
The company is among the short-listed parties for the mines – with initial bids at between $US3.5 billion ($5.4 billion) and $US5 billion – alongside Yancoal Australia, Coronado Global Resources and BUMA Australia.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
