Nippon Steel Corporation

22/08/2024 | Press release | Distributed by Public on 21/08/2024 22:46

Nippon Steel acquires equity interests in Blackwater Coal Mine in Australia

Nippon Steel acquires equity interests in Blackwater Coal Mine in Australia

Aug. 22, 2024

Nippon Steel Corporation

Nippon Steel Corporation (Nippon Steel) has entered into an equity participation agreement with Whitehaven Coal Limited (WHC) to acquire a 20% interest in the Blackwater coal mine (BW Coal Mine) in the State of Queensland, Australia. In addition, Nippon Steel has entered into long-term coal offtake rights agreement with WHC, under which WHC will supply steelmaking coal produced at the BW Coal Mine to Nippon Steel.

The details are described below.

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