AustraliaDaily Briefs

Daily Brief Australia: Whitehaven Coal and more

In today’s briefing:

  • Whitehaven Nail the Landing, Patriot look to the Future


Whitehaven Nail the Landing, Patriot look to the Future

By Money of Mine

  • Blackwater sell down to Nippon and Jfezenhe Steel for US 1.08 billion upfront
  • Deal includes selling 30% of Blackwater, reducing net debt by 150 million and potential future contingent payments
  • Transaction costs and transition costs higher than expected, but deal significantly impacts balance sheet and future cash flow

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


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