Whitehaven Coal (ASX:WHC) has announced its completed its acquisition of the Tarrawonga mine.
The company has received the tick of approval for the transfer of Idemitsu’s 30 per cent joint venture interest in the mine to the company.
The deal will increase Whitehaven’s equity share in annual saleable coal production by about 0.55 million tonnes per annum.
The company says the venture will further consolidate Whitehaven’s position in the Gunnedah Basin.
Shares in Whitehaven Coal (ASX:WHC) closed 2.09 per cent higher to $4.88 yesterday.