Energy and Natural Resource Financing for Developing New Mining Block in Queensland
Supporting Japanese Company’s Participation in Overseas Coal Mining Development Project

  • Area: Oceania
  • Energy and Natural Resources

In order to secure stable procurement of coking coal to Japan, JBIC signed a loan agreement with Mitsui Kestrel Coal Investment Pty Ltd., an Australian subsidiary of Mitsui & Co., Ltd. to develop a new mining block in the Kestrel Mine, Queensland. The quality of coal produced by the Kestrel Mine is rated highly by Japanese blast furnace steelmakers for having good property as coking material, and has been sold mainly to Japan. The project thus has significant implication for securing stable procurement of coking coal for Japan.

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