JSW Steel raises stake in M Resources, boosts coal off-take to 30%
JSW Steel has acquired an additional economic interest in M Resources NSW HCC Pty for $60 million, increasing its stake from 66.67% to 83.33%. The deal includes $24 million for existing shares and $36 million for new shares, boosting effective coal mine interest from 20% to 30% and off-take rights to 30%, securing raw material supply.