Nippon Steel Corporation has committed to a C$1.15 billion investment in Elk Valley Resources Ltd. (EVR), the steelmaking coal business spun off from Teck Resources Limited. This strategic move secures Nippon Steel a 20 percent stake in EVR, enhancing its access to high-quality steelmaking coal essential for its carbon neutrality objectives.

Legal counsel for Nippon Steel in this transaction was provided by Bennett Jones LLP, with a team led by Chris Skelton and including Jon Truswell, Duncan D'Arcy, and others specializing in M&A, tax, regulatory, and corporate law.