Tag: Sojitz Coal Mining

Sojitz Coal: Full speed ahead SOJITZ Coal Mining is an Australian subsidiary of Japanese company Sojitz and was established in 2002 as the holding company for its Queensland coal operations. SCM’s span of operations has grown to three Queensland coal mines – Gregory, Minerva and Meteor Downs -- and it has been quietly upgrading these. Sojitz managing director and chief executive Cameron Vorias said the company’s plans to develop its Australian coal mines were progressing well despite some hiccups in thermal coal prices. “Thermal coal prices have been stable but not brilliant,” Mr Vorias said. He said Australian thermal coal prices experienced a difficult market in 2019, when benchmark Australian thermal coal prices endured a steady decline over 2019, falling...

THE town is Emerald by name, and, if Japanese miner Sojitz has its way, will also be emerald by nature. Located in Queensland’s Bowen Basin, it’s  has been the hub of mining operations by the trading conglomerate ever since it bought an interest in the Minerva coal mine in 1994. By 2010, ownership had increased to 96pc, enabling the company to directly own, operate and manage the business. In 2018, it also announced plans to develop the nearby Meteor Down South coal mine in a joint venture with U&D Mining. Now, 25 years down the track from that initial foray, Sojitz continues to expand its presence in the region by acquiring the mothballed Gregory Crinum coking coal mine from BHP...