Tata Steel along with Brazilian mining giant Vale and other joint venture partners, is attempting a massive expansion of the Carborough Downs coal mine near Moranbah in Central Queensland, Australia, for an infusion of about Rs 1,555 crore. Carborough Downs is an underground mine operated by Carborough Downs Coal Management. Vale and its joint venture partners, comprising Tata Steel, Nippon Steel Corporation, Posco, JFE Steel and JFE Shoji, own around 80 per cent of the mine. Tata Steel, Nippon Steel and Posco own 5 per cent each in the Carborough Downs coal mine, while JFE Steel and JFE Shoji individually hold 2.5 per cent.
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