JSW Steel Eyes $1 Billion Stake in Australian Coal Mine: Competing for 20% Stake in Blackwater Mine
Introduction In a strategic move to secure coking coal supplies for steelmaking, JSW Steel is gearing up to compete for a 20% stake in Australia’s Blackwater coal mine. This high-stakes endeavor involves battling global steel major Japan’s Nippon Steel and other prominent bidders, marking firm’s second attempt at acquiring a mining asset overseas. The potential…