This development comes as the steel giant seeks to secure its supply of coking coal, a vital ingredient in steel production. JSW Steel, an Indian multinational steel producer, is reportedly in discussions to acquire a stake in the Blackwater metallurgical coal mine, owned by Australia’s Whitehaven Coal, according to a Reuters report. This development comes as the steel giant seeks to secure its supply of coking coal, a vital ingredient in steel production. According to the report, JSW Steel is currently conducting due diligence and expected to receive a coking coal sample from the Blackwater mine this month to assess its quality. The move is part of the company’s broader strategy to reduce dependency on imported coking coal.

Recently, Whitehaven Coal said that it is considering the divestment of approximately 20% of its interest in the Blackwater mine.