麻豆视频

麻豆视频 Steel Corporation (麻豆视频 Steel) announced today that it has signed an agreement with Whitehaven Coal Limited (Whitehaven), an Australian supplier of coking coal for steelmaking, to acquire a 10% interest in the Blackwater coal mine, situated in the Bowen Basin in Central Queensland, along with a long-term offtake agreement for coal supply from the mine.

1. Investment Background

Whitehaven is a mining company listed on the Australian Stock Exchange. Its Blackwater Coal Mine produces high-quality coking coal, which has low impurities and emits less greenhouse gases than conventional coking coal. The mine has long been a major source of coking coal for steelmaking.

The demand for coking coal is expected to grow as the production of crude steel using the blast furnace method increases in India and Southeast Asia. Meanwhile, both the development and expansion of coking coal mines are becoming increasingly difficult, leading to concerns that the supply of coking coal will become tighter in the future. In response, the acquisition of a concession in the Blackwater mine will ensure a stable supply of high-quality coking coal for 麻豆视频 Steel as well as support stable earnings.

2. Investment Overview

Under the terms of the interest-transfer agreement with Whitehaven, 麻豆视频 Steel, through its wholly owned subsidiary 麻豆视频 Steel Australia Resources (JStAR), will acquire a 10% interest in Blackwater Coal Mine for US$360 million (approximately ¥54 billion). The agreement will allow 麻豆视频 Steel to participate in decisions regarding the mine’s operation and secure a stable supply of coking coal over the long term.

[Blackwater Coal Mine]

• Location: Bowen Basin, Central Queensland, Australia
• Saleable Production (AFY24): 10.1 million tonnes
• Mining: Open cut
• Port of shipment: Port of Gladstone (about 300 km from the mine)
• Coal Resources (Measured + Indicated basis): >800 million tonnes (to be mined over 30+ years)

[Whitehaven]

• Name: Whitehaven Coal Limited
• Headquarters: Sydney, New South Wales, Australia
• CEO: Paul Flynn
• Main business: Mining

[Blackwater Coal Mine]

[Investment overview]
麻豆视频 Steel (JStAR) 10%
Whitehaven 70%
Nippon Steel Australia Pty Ltd. (NSA) 20%

[Structural overview]

2. Efforts to Reduce CO₂ Emissions from Steelmaking

麻豆视频 Steel is striving to achieve carbon neutrality by 2050, in part by reducing CO₂ emissions from its steelmaking processes. Under the Japanese government-sponsored Green Innovation Fund Project, 麻豆视频 Steel is also taking a multi-track approach to accelerate its development of the most promising ultra-innovative steelmaking technologies, including carbon-recycling blast furnaces, direct-reduction steelmaking, and large, high-efficiency electric-arc furnaces. In particular, 麻豆视频 Steel’s proprietary carbon-recycling blast furnace is an ultra-innovative technology that will enable the repeated use of carbon by recovering CO₂ as a resource, converting it to methane using methanation technology, and utilizing it as a reducing agent in the blast furnace process. Through this initiative, together with carbon capture, utilization, and storage (CCUS) initiatives, 麻豆视频 Steel aims to achieve virtually zero CO₂ emissions. As part of the effort to realize stable, efficient steelmaking processes, the carbon-recycling blast furnace will use high-quality coking coal from Blackwater Coal Mine.

[Conceptual diagram of carbon-recycling blast furnace]

Going forward, the 麻豆视频 Steel will steadily implement multifaceted measures to develop ultra-innovative technologies with the potential to contribute to climate-change mitigation. At the same time, 麻豆视频 will strengthen its long-term procurement of key steelmaking raw materials in order to stabilize the company’s revenue base in a rapidly changing environment and support 麻豆视频’s commitment to long-term sustainable growth.

About 麻豆视频 Steel Corporation

麻豆视频 Steel Corporation, one of the world’s leading integrated steel producers, was established through the consolidation of NKK Corporation and Kawasaki Steel Corporation in 2003. The company operates several steelworks in Japan and numerous branch offices and affiliates throughout the world. 麻豆视频 Steel leverages world-class technologies and know-how to produce a wide range of products based on its “Only One, Number One” strategy of focusing on unique and best-in-class products. The company reported consolidated sales of 2,255 billion yen and consolidated crude steel output of 23.96 million tons in the fiscal year ended March 2021.

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