Mitsubishi Tag

Yancoal Australia has confirmed its purchase of Mitsubishi Development’s 32.4% stake in the Hunter Valley coal mining division, which has become subject of a bidding war between Yancoal and Glencore. The Chinese-controlled firm will pay a total of US$940 million for Mitsubishi’s minority interest in the...

Yancoal Australia (ASX:YAL) has made a US$710 million offer to Mitsubishi Development for its 32.4% interest in the Hunter Valley Operations joint venture, as it bids to become Australia's largest singular coal producing company. The majority Chinese-owned group was obliged to make a tag-along offer to...

BHP Billiton (ASX:BHP) has launched an integrated remote operations centre (IROC) in Brisbane for its coal business, aiming to replace the success it had with its IROC in Perth, which now controls operations across the Pilbara.