ASX Announcements
Market Sensitive
Third Quarter Activities Report, Web Casts
- Apr 19, 2024
- 9 pages
Notification regarding unquoted securities - WHC
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Apr 15, 2024
- 5 pages
Notification regarding unquoted securities - WHC
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Apr 15, 2024
- 6 pages
Yesterday
Anglo American wants a single buyer for its Australian coal division
The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from succeeding.
- Peter Ker
This Month
Second-largest super fund blacklists thermal coal investments
Superannuation giant Australian Retirement Trust will stop investing in most thermal coal companies from July as part of a plan to hit net zero emissions across its portfolio by 2050.
- Lewis Jackson
April
Whitehaven’s Blackwater selldown may be upsized; JFE keen
Sources said JFE Steel Corporation, Japan’s second-largest steel producer after Nippon Steel, is in advanced discussions to acquire a circa 10 per cent stake in Blackwater.
- Sarah Thompson, Kanika Sood and Emma Rapaport
China’s biggest steel maker exits Queensland coal
Chinese state-owned steel maker Baowu has called time on a dirty decade by selling an undeveloped coal asset acquired in the 2014 takeover of Aquila Resources.
- Peter Ker
Bidder field narrows for Whitehaven’s selldown at Blackwater coal mine
Indian steelmaker JSW has submitted a proposal, and would be competing against a Japanese bidder and an Indonesian entity in the auction’s final stage.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
- Exclusive
- Carbon challenge
Glencore urged to keep coal, seek ASX home
Activist investor Tribeca has told Glencore directors they could add billions in value by retaining coal and embracing the ASX as its primary listing.
- Peter Ker
February
Whitehaven kicks off mini-BHP coal auction; eyes on AvidSys
AvidSys would face stiff competition from Whitehaven’s original bid partner Itotchu, as well as other Japanese trading houses including Marubeni and Sojitz.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Whitehaven worries IR reforms will be ‘terribly demotivating’
Fresh from reporting a solid $372.3 million underlying half-year profit, Whitehaven boss Paul Flynn wants to find a way to reward experienced staff.
- Peter Ker
Multi-employer pay push a danger to industry: miners
The peak mining body is seeking to block a landmark union bid to use Labor’s multi-employer bargaining laws to secure a pay deal across five miners.
- David Marin-Guzman
January
Whitehaven soars on coking coal pivot
Whitehaven Coal says many foreign steelmakers have expressed interest in buying a minority stake in the Blackwater mine it is about to acquire from BHP.
- Peter Ker
Private debt behemoths back Whitehaven’s $6.3 billion coal buy
Whitehaven received commitments from private credit giants Ares Management and Canyon Partners as well as Farallon Capital Management for the $US900 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
December 2023
Investors tip strong payouts from sin-binned coal stocks
The coal sector is consolidating as big miners sell assets at bargain prices to juniors that can potentially grow resources and balance dividend payouts.
- Tom Richardson
BHP strike threat could shut down five Qld mines
Critical BHP overseers are preparing to take industrial action that could shut down 70 per cent of the mining giant’s Queensland mines.
- David Marin-Guzman
This CEO of a $6b company was told he ‘could do better’ at school
Whitehaven chief Paul Flynn may not have been an enthusiastic student, but he learnt to debate around the kitchen table with his parents and eight siblings.
- Sally Patten
November 2023
- Exclusive
- Industrial relations
Managers ‘stripped of $100,000 entitlements’ in Whitehaven-BHP deal
The case could wipe out $30 million in entitlements accrued to senior workers transferring to Whitehaven Coal under its deal to buy BHP mines in Queensland.
- David Marin-Guzman
NSW coal mine to restart after 18 years
European commodity trader Vitol has promised more than $90m to get the Dartbrook coal mine back into production within four months.
- Peter Ker
Whitehaven activist investor Bell Rock slapped by investment watchdog
The British hedge fund that tried to pressure Whitehaven Coal to abandon the acquisition of BHP coal mines failed to meet Australian disclosure standards
- Peter Ker
Soul Patts checks out Whitehaven’s debt for $6.2b BHP coal buy
The interest is no surprise, given last year it tipped into the financing for Stanmore Resources’ $1.35 billion purchase of BHP’s stake in BHP Mitsui Coal.
- Sarah Thompson, Kanika Sood and Emma Rapaport
October 2023
Whitehaven’s hedge fund bete noir sells down $260m shares
Bell Rock admitted it did control more of the company than it had told investors, at the same time as it dumped half of its stake in the miner.
- Peter Ker
Whitehaven’s coking coal buy to send earnings up 93pc, Citi says
The investment bank’s brokers increased their price target on the miner’s shares despite the $5b deal being opposed by the company’s largest shareholder.
- Aaron Weinman
