Nippon Steel Purchases 30% Stake in Canadian Kami Iron Ore Project
09/30/2025 - Nippon Steel has formed a joint venture with Australia’s Champion Iron and Sojitz by purchasing a 30% stake in Canada’s Kami iron ore project to secure high-grade ore supplies for direct reduced iron.
Nippon Steel said it paid an initial CAD$42 million out of the total CAD$150 million consideration through its subsidiary, NS Canadian Resources Inc. The remaining CAD$108 million will be paid pending an additional investment decision based on the results of a feasibility study.
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