BHP Billiton Group's and Mitsubishi Corp.'s joint venture in Australia, the BHP Billiton Mitsubishi Alliance, agreed to sell the Gregory Crinum hard coking coal project to Japan's Sojitz Corp. for A$100 million.
The Queensland-based mine was placed into care and maintenance in 2016, prior to which it had an annual capacity of 6 million tonnes, the alliance said May 30.
The site comprises the Crinum underground mine, Gregory open-cut mine, undeveloped coal resources and on-site infrastructure, including a coal handling and preparation plant, maintenance workshops and administration facilities.
The companies started preparations for a formal auction for the Gregory Crinum coal complex in August 2017.
Recently, BHP and the Queensland Treasury reached an "agreement in principle" over royalty payments of about A$329 million from coal exported from the state's Bowen Basin.
