Japan’s Idemitsu to Triple Coal Output at Australian Mine
- Published: Wednesday, 07 October 2009 15:14
Idemitsu Kosan Co. recently said that it will spend some 11.5 billion yen ($126 million) to roughly triple coal production at an Australian mine to 4.3 million metric tons (mt) in fiscal 2013, The Nikkei reported. At the Boggabri coal mine, subsidiary Idemitsu Australia Resources Pty. will ramp up output of steam coal. Current output of 1.5 million mt will be lifted to 2.5 million mt next fiscal year, then to 4.3 million mt in fiscal 2013. Idemitsu Kosan has three coal mines in Australia in addition to the Boggabri facility, which is located in New South Wales. Together, they are expected to churn out some 10 million mtpy.