Japan's Idemitsu Kosan to sell Australia coal mine to Thungela for $240m

Japan's Idemitsu Kosan to sell Australia coal mine to Thungela for $240m

Photo: Reuters

Japan’s Idemitsu Kosan Co has agreed to sell its 85% stake in the Ensham coal mine in Australia to a Thungela Resources subsidiary, Sungela Pty, for an upfront payment of A$340 million ($240 million), it said on Friday.

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