NEWS RELEASE
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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