Loan for Acquisition of Coal Mine Interests
Contributing to Japan's Securing Energy Resources and a Stable Energy Supply

  • Area: Oceania
  • Energy and Natural Resources

JBIC signed a loan agreement with Sumisho Coal Australia Pty Limited (SCAP), an Australian subsidiary of Sumitomo Corporation. This loan will provide the necessary funds for Sumitomo Corporation to acquire an interest in Australia's Isaac Plains Coal Mine through its Australian subsidiary. The coal extracted from the mine has mainly been supplied to Japanese steel mills on an ongoing basis, and the acquisition of the interest in the mine is expected to result in an increase in the volume of coking coal and thermal coal supplied to Japanese companies from the mine.
 

 

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