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- Mitsui & Co., Ltd.
Corporate Communications Division
Anglo Coal Australia Pty Ltd. and Mitsui & Co., Ltd. announced that Anglo Coal Australia ("ACA") and Mitsui Coal Holdings ("Mitsui") executed an agreement to purchase the Collingwood and Ownaview exploration deposits located in the Surat Basin in Central Queensland, Australia.
ACA and Mitsui agreed to purchase the Collingwood and Ownaview deposits from Sennen Resources Ltd ("Sennen"), a listed Canadian resource company, and DJB Coal Pty Ltd. ("DJB"), an Australian mining company, subject to regulatory approvals, Sennen obtaining approval from its shareholders and several other conditions precedent.
The Collingwood and Ownaview deposits have indicated thermal coal resources of 113 Mt and 117 Mt, respectively, adding to ACA and Mitsui's presence in the Surat Basin. ACA and Mitsui hold the Taroom deposit in the same area.
It is ACA and Mitsui's intention to further evaluate the deposits and to progress the development," a spokesperson for both companies said today.
ACA will hold a 51% interest in the deposit and Mitsui 49%.
This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
This press release is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.