Nippon Steel and JFE Steel to acquire a 30% stake in Blackwater coal mine from Whitehaven Coal for $1.08bn.

Nippon Steel, a steelmaking company, and JFE Steel, a Japanese steel manufacturer, agreed to acquire a 30% stake in Blackwater coal mine from Whitehaven Coal, an Australian coal mining company, for $1.08bn. “We are delighted to welcome Nippon Steel and JFE Steel as joint venture partners at Blackwater. Both companies have a long and proud tradition of excellence in steel production and have contributed to the economic advancement of Japan and the region more broadly," Paul Flynn, Whitehaven CEO and Managing Director.