Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 27 March 2019, 16:55 HKT/SGT
Share:
    

Source: Mitsubishi Corporation
Mitsubishi Corporation Completes Sale of Interest in Gregory Crinum Coking Coal Mine in Australia

TOKYO, Mar 27, 2019 - (JCN Newswire) - Mitsubishi Corporation (MC) announced on May 30, 2018 that it had reached an agreement for the sale of its 50% ownership interest in BMA's Gregory Crinum (GC) coking coal mine in Australia, which is currently under care and maintenance, held by wholly owned subsidiary Mitsubishi Development Pty Ltd to Sojitz Corporation (Sojitz). MC is hereby pleased to announce that the sale was successfully completed on March 27, 2019.




BHP, the holder of the remaining interest in the GC mine, also completed its sale of their 50% interest to Sojitz.

MC has been taking steps to improve its asset portfolio while maintaining its size, and the divestment of the GC mine is one part of this strategy.

In conjunction with these efforts to optimize its asset portfolio, MC is committed to enhancing the competitiveness of its existing assets through continuous endeavors aimed at reducing cost and improving productivity.

The profit from this sale has been included in the full-year earnings forecast for the fiscal year ending March 31, 2019.


About Mitsubishi Corporation

Mitsubishi Corporation, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

For more information on Mitsubishi Corporation, please visit the company's website at https://www.mitsubishicorp.com/jp/en/.

Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705 


Mar 27, 2019 16:55 HKT/SGT
Source: Mitsubishi Corporation

Mitsubishi Corporation (TSE: 8058)

Topic: Press release summary
Sectors: Metals/Mining
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Corporation Links

http://www.mitsubishicorp.com

https://ph.linkedin.com/company/mitsubishi-corporation

Mitsubishi Corporation
Sept 4, 2019 13:50 HKT/SGT
Mitsubishi Corporation Invests in Finland's MaaS Global Ltd.
Aug 28, 2019 09:42 HKT/SGT
Mitsubishi Corporation to Invest in Next Generation Utility BBOXX Limited
Aug 9, 2019 16:05 HKT/SGT
Notice of Signing Basic Agreements for Airport Operation of the Seven Airports in Hokkaido
Aug 6, 2019 13:48 HKT/SGT
Mitsubishi Corporation: Asahi Tanker, Exeno Yamamizu, MOL and MC Agree on Strategic Partnership To Develop Zero-emission Fully Electric Vessels
Aug 2, 2019 13:12 HKT/SGT
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony for Hankyu Ferry, the First of its Series, in Shimonoseki
July 26, 2019 11:03 HKT/SGT
MC and Sarutahiko Coffee Agree to Business Alliance and Acquisition of Third-Party Shares
July 8, 2019 11:36 HKT/SGT
Mitsubishi Motors and Mitsubishi Corporation Invest in GOJEK, Indonesia's Leading Mobility Service Company
July 5, 2019 13:00 HKT/SGT
Mitsubishi Corporation Participates in New Ulaanbaatar International Airport Operation Project in Mongolia
June 12, 2019 14:01 HKT/SGT
Mitsubishi Corporation and Komeda Agree to Business Alliance and Acquisition of Third Party Shares
June 3, 2019 18:05 HKT/SGT
Mitsubishi Corporation to Acquire Additional Shares in TVS Automobile Solutions in India
More news >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: