Jindal Steel & Power (JSP) through its subsidiary JSPML, holds a 60.38% stake in Wollongong Coal Limited (WCL), an Australian mining company. WCL owns and operates Russell Vale Colliery (RVC) and Wongawilli Colliery (WWC) in New South Wales, near the Port Kembla Coal Terminal (PKCT).
In FY 2023, WCL's two mines, RVC and WWC, both have been maintained and cared for. The capacity of the coking coal mines is 1.2 MTPA.
WCL and JSP (Australia) Pty Ltd restructured their long-term debt through a Scheme of Arrangement approved by the Supreme Court of New South Wales, with the new restructured facilities becoming effective May 5, 2020 onwards.
The company got clearance to extract 3.7 million metric tons of coal from RVC over 5 years. It is considering investing in a washery to improve coal quality and usability in blast furnaces, with a focus on increasing production and quality.
Coking Coal