https://newsletter.en.creamermedia.com
Coal|Steel|Operations
Coal|Steel|Operations
coal|steel|operations

Whitehaven forms Blackwater JV with Nippon Steel and JFE Steel

The Blackwater mine in Queensland

The Blackwater mine in Queensland

1st April 2025

By: Creamer Media Reporter

     

Font size: - +

Australian coal miner Whitehaven Coal has officially completed the sell-down of a 30% stake in the Blackwater mine, formalising a joint venture (JV) with Japanese steelmakers Nippon Steel Corporation and JFE Steel.

ASX-listed Whitehaven confirmed on Monday that it had received a total cash consideration of $1.08-billion from the transactions, with Nippon Steel acquiring a 20% interest and JFE Steel taking a 10% stake.

The effective economic ownership of the JV started on April 1.

Whitehaven CEO and MD Paul Flynn welcomed the new partnership. “I congratulate everyone involved in the formation of our new joint venture at Blackwater. We’re excited to be partnering with Nippon Steel and JFE Steel, two longstanding customers that recognise the value and long-term importance of the metallurgical coal produced at Blackwater.”

The Blackwater mine, located in Queensland’s Bowen basin, is one of Australia’s biggest metallurgical coal operations, supplying key markets across Asia.

The completion of the transactions follows Whitehaven’s acquisition of the Blackwater and Daunia mines from BHP Mitsubishi Alliance in 2023 for $4.1-billion, marking the company’s expansion into Queensland’s metallurgical coal sector.

Edited by Creamer Media Reporter

Comments

Showroom

Essentra Components
Essentra Components

We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.135 0.225s - 170pq - 2rq
Subscribe Now