BREAKING NEWS
This content is not available in your region

Business

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

Access to the comments Comments
By Reuters
BHP-Mitsubishi JV to sell Australia coal mine to Japan's Sojitz
Text size Aa Aa

(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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.