30% interest in Blackwater mine

What the public record says

The March quarterly report confirms receipt of US$1.08bn at quarter end. Earlier terms identify the buyers and their 20% and 10% interests. This concerns a combined 30% stake, not a sale of the whole mine; no allocation of the proceeds between buyers is inferred.

Asset

30% interest in Blackwater mine

Public date

By 31 Mar 2025 (quarter-end receipt disclosed)

Buyer

Nippon Steel Corporation (20%) and JFE Steel Corporation (10%)

Seller

Whitehaven Coal

Recorded consideration

US$1.08bn aggregate cash proceeds for 30%

Evidence

Quarterly receipt disclosure and buyer-interest terms

What “completion disclosed” establishes

It establishes that the cited company, exchange or sold-property source expressly recorded a completed transaction or sold result. It is stronger evidence than an undated marketplace badge because the public record identifies a completion event, date or formal acquisition context.

It does not automatically establish every item transferred. A transaction can involve shares, land, leases, projects, plant, contracts, data, rehabilitation obligations or several assets. The original disclosure governs the scope.

How to read the consideration

The recorded consideration is reproduced in short factual form. Cash, shares, deferred payments, contingent amounts, debt, working capital and assumed liabilities are not economically interchangeable. Where the public source did not separately disclose a value, this archive says so.

This is a historical evidence note, not a valuation comparable. A responsible comparison needs the transaction date, asset bundle, project stage, approvals, technical disclosure, liabilities and market conditions.

What still needs checking

• The exact legal interests, land and authorities included.
• Whether conditions, consents or third-party approvals applied.
• How any share, contingent or deferred value was calculated.
• The asset’s current ownership, name, operating status and obligations.
• Any later transaction, restructure, closure, rehabilitation or relinquishment.

Add a better source

If you hold a later annual report, regulator notice, sale notice or correction, send the public link and explain the field it changes. Family or former-worker records can add context, but they remain separately attributed from legal transaction evidence.