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Mitsubishi completes US$230M sale of Warkworth coal mine stake

Mitsubishi Corp. completed the sale of its 28.9% ownership interest in the Warkworth coal mine in New South Wales, Australia, to Yancoal Australia Ltd., it said March 7.

The company granted a call option to Yancoal in June 2017 to acquire the 28.9% stake for US$230 million.