Local News

Fukuoka City-based Mitsui-Matsushima announced that it will purchase a 10% stake in an Australian coal mine for the equivalent of 3.2 billion yen through its subsidiary. They also signed an agreement for the purchase with the owners on the same day. After surveys are completed, production is to begin in 2015, which could result in as much as 500,000 tons of coal for Mitsui-Matsushima. The company also has an option to increase its stake to 20%.