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+--- Thread: JSW steel to acquire Australian mining company M Res NSW HCC Pty Ltd (/thread-552.html)
JSW steel to acquire Australian mining company M Res NSW HCC Pty Ltd - Sapna Mukherjee - 13-08-2024
JSW Steel has announced that its board has sanctioned the acquisition of a 66.7% stake in the Australian mining company M Res NSW HCC Pty Ltd for an investment of $120 million (around ₹1,000 crore). This strategic acquisition grants JSW Steel access to mines with a total marketable reserve of 99 million tons of prime hard coking coal. These mines have consistently produced an average of 6.5 million tonnes of coking coal annually over the past five years.