(EnergyAsia, February 18, Monday) — Japan’s Mitsui & Co Ltd said it has approved the A$1.443 billion development of the Kestrel joint venture coal mine in Australia’s Queensland state. Australia’s Rio Tinto holds a 80% stake in the mine while Mitsui has the remaining 20%. (US$1=A$1.10).The project is expected to cost A$1,443 million. Mitsui will…
AUSTRALIA: Mitsui approves A$1.443 billion development of Kestrel coal mine in Queensland
Posted on February 17, 2008 by EnergyAsia