|  | 12/18/2009 |
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JFE Steel to Get 20% Interest in Premium Hard Coking Mine in Australia
JFE Steel announced on Thursday the firm acquires high grade coking coal interest in Australia. The firm gets 20% interest in Byerwen coal project, which is newly developing open cut mine with annual 10 million tonnes of output, from Q Coal of Australia. JFE Steel expects the investment will be around 50 billion yen including equity purchase and development cost, which is one of the largest raw material investment of the firm. The firm agreed with Q Coal to purchase annual 2 million tonnes of the production from 2012. With the investment, JFE Steel's coking coal equity increases to around 15% of the requirement. The firm tries to increase the equity rate to 30% for coking coal and iron ore to stabilize the procurement.
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 | JFE Steel to Get 20% Interest in Premium Hard Coking Mine in Australia
| | Cold Rolled Sheet Supply Tightens in Asia
| | Rebar Market Price Keeps Downtrend in Tokyo
| | Japan Import Steel Stock Drops by 3.5% in November
| | Flat Ferrous Scrap Price in Tokyo and Osaka
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