An update from Whitehaven Coal Limited ( (AU:WHC) ) is now available.
Whitehaven Coal Limited has completed the sale of a 30% stake in its Blackwater mine, forming a joint venture with Nippon Steel and JFE Steel. This transaction, which brought in US$1.08 billion, is expected to enhance Whitehaven’s strategic partnerships and solidify its position in the metallurgical coal market, benefiting stakeholders by aligning with long-term customers.
More about Whitehaven Coal Limited
Whitehaven Coal Limited is a company operating in the coal mining industry, primarily focusing on the production of metallurgical coal. The company is known for its operations in Australia and has a market focus on supplying coal to major steel manufacturers.
YTD Price Performance: -8.42%
Average Trading Volume: 19,705
Technical Sentiment Signal: Hold
Current Market Cap: $2.93B
For an in-depth examination of WHC stock, go to TipRanks’ Stock Analysis page.