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BHP-Mitsubishi JV to sell Australia coal mine to Japan's Sojitz

BHP-Mitsubishi JV to sell Australia coal mine to Japan's Sojitz
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(Reuters) – Global miner BHP Billiton <BHP.AX> said on Wednesday that its joint venture with Mitsubishi Development would sell the Gregory Crinum coal mine in Australia’s Queensland to Japan’s Sojitz Corp <2768.T> for A$100 million (56.5 million pounds).

“(The BHP-Mitsubishi alliance) made the decision to sell the mine after a detailed review that concluded there is potential for another party to realise greater value (there),” BHP said in a statement.

(Reporting by Rushil Dutta in Bengaluru; Editing by Joseph Radford)

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