Sojitz Expects 30-40 Billion Yen of Investment Amount for Projects like Interest of the General Coal Mine in Australia in F2012

Energy & Metal Division of Sojitz expects 30-40 billion yen of investment amount in fiscal 2012. Sojitz put the final touch on a plan to invest interest of the general coal mine in Australia and Indonesia in response to increasing demand for developing country including India, and the firm plans to actualize 1 or 2 projects in the second half. Moreover the firm has been talking among the related parties to start developing for iron mine in Western Australia. Though current profit is getting worse as earnings forecast for full business year is made a downward revision, the firm doesn’t change mind to invest 90 billion yen as three-year plan from this fiscal year. The firm will makes secularly competitive resources like mainly iron ore and coking coal.