On April 2, 2024, Whitehaven Coal completed the acquisition of 100% of the Blackwater metallurgical coal mine from BHP and Mitsubishi Development (“Mitsubishi”) (together, BHP Mitsubishi Alliance (“BMA”)).
On April 1, 2025, Whitehaven has officially formed a 70:30 joint venture at its Blackwater coal mine with Nippon Steel Corporation and JFE Steel Whitehaven. Nippon Steel owns a 20 per cent interest in Blackwater, with JFE Steel owning 10 per cent. Whitehaven has retained a 70 per cent stake in the mine.

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