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CCI Approves Nippon Steel And JFE Steel's Acquisition Of 30% Stake In Queensland's Blackwater Coal Mine

Summary by NDTV Profit
Fair trade regulator CCI on Tuesday said it has approved a proposal of Japanese steelmakers Nippon Steel and JFE Steel to collectively acquire a 30% stake in Queensland's Blackwater coal mine. "The proposed combination envisages the acquisition of 20% and 10% interest in Blackwater Coal Mine by NS Blackwater Pty Ltd and JFE Steel Australia Pty Ltd., respectively," the Competition Commission of India said in a release.NS Blackwater is a special p…
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themarketonline.com.authemarketonline.com.au

No US? No problem: Whitehaven's stake in Blackwater to go to Nippon for Q2CY2025

Whitehaven Coal (ASX:WHC) has confirmed it has received regulatory approval to sell a 20% stake in its Blackwater project to Japan’s Nippon Steel – not long after the latter was rebuked from snatching up U.S. Steel by both Biden and Trump. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. The Japanese prime minister has since come out this wee…

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Australian MiningAustralian Mining

Whitehaven commences new Blackwater JV - Australian Mining

Image: Small Smiles_dimple/stock.adobe.comWhitehaven has confirmed all regulatory and competition approvals have been secured for its 30 per cent sell down of the Blackwater mine in Queensland. The transactions, which will transfer 20 per cent ownership to Nippon Steel and 10 per cent to JFE Steel, is set to be closed on March 31, 2025. Confirmation of the agreement has taken nearly six months to complete, after the companies first entered bindi…

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NDTV ProfitNDTV Profit

CCI Approves Nippon Steel And JFE Steel's Acquisition Of 30% Stake In Queensland's Blackwater Coal Mine

Fair trade regulator CCI on Tuesday said it has approved a proposal of Japanese steelmakers Nippon Steel and JFE Steel to collectively acquire a 30% stake in Queensland's Blackwater coal mine. "The proposed combination envisages the acquisition of 20% and 10% interest in Blackwater Coal Mine by NS Blackwater Pty Ltd and JFE Steel Australia Pty Ltd., respectively," the Competition Commission of India said in a release.NS Blackwater is a special p…

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NDTV Profit broke the news in on Tuesday, February 18, 2025.
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