Sumitomo completes purchase of Isaac Plains interest
Friday, 13 July 2012 Lou Caruana
JAPANESE conglomerate Sumitomo Corp has purchased half of Aquila Resources’ Isaac Plains hard coking coal mine in Queensland for $430 million, indicating it wants to expand its presence in the local coal industry beyond its current 10% share in Xstrata’s Newlands and Collinsville mines.
Sign in or register to read this article
Not a Member?
Enjoy FREE unlimited access to International Coal News for 30 days.