(EnergyAsia, May 8 2013, Wednesday) — Australia’s Aquila Resources said Japanese trading house Sumitomo Corp has withdrawn from a proposed joint venture project to explore for coal in Queensland state. The participation of Sumitomo subsidiary Sumisho Coal Australia Pty Limited in the project would have helped Aquila’s cause in raising capital to fund a A$7.4…
AUSTRALIA: Japanese trader Sumitomo withdraws from proposed coal project with Aquila Resources
Posted on May 8, 2013 by EnergyAsia