Mar. 31, 2025

Nippon Steel Corporation

As announced on August 22nd, 2024, Nippon Steel Corporation (Nippon Steel) decided to acquire a 20% interest in the Blackwater coal mine (BW Coal Mine) in Australia, which is owned by Whitehaven Coal Limited (Whitehaven), subject to fulfillment of conditions precedent such as authority approvals in relevant countries.

Now all conditions precedent have been fulfilled, Nippon Steel has acquired a 20% interest in BW Coal Mine, through its wholly-owned subsidiary, Nippon Steel Australia Pty Ltd. (NSA), and as a result of the transaction, the Blackwater JV is established and the JV has become an affiliate that is proportionately consolidated with Nippon Steel.

Through its investment in this steelmaking coal business, Nippon Steel will secure stable procurement of high-quality steelmaking coal necessary for decarbonization of the steelmaking process and diversify its business portfolio to be more resilient to the changes in the external business environment.

Return to Press Release