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Marion Rae

Japan's steel giants dig deep for Australian coal

Whitehaven Coal Whitehaven Coal Nippon Steel Queensland Blackwater

Whitehaven Coal has secured long-term production in a joint venture with steelmakers. (Dave Hunt/AAP PHOTOS)

Japan's steel giants have been warned they are risking their reputation and an investor backlash by locking in another half-century of Queensland coal.

Almost a third of the Blackwater coal mine in central Queensland will be sold to Nippon Steel and JFE Steel in joint venture deals with Whitehaven Coal announced on Thursday.

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