|  | 12/09/2009 |
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Sojitz to Invest 20 Billion Yen for Minerals
Sojitz Corporation's mineral resources unit will invest more than 20 billion yen for coal and mineral equity in second half of fiscal 2009 ending March 2010. The unit eyes investment for pending coking coal assents while the unit tries to get interests for steam coal, copper and rare metals. The unit tries to improve the profitability including higher trading activity for growing Chinese and Indian market through higher competitive mineral assets. The unit targets more than 20 billion yen of recurring profit in 2013, which represents almost double of current estimated profit for fiscal 2009.
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 | Sojitz to Invest 20 Billion Yen for Minerals
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