Bloomberg News

Idemitsu, LG International Restructure Ensham Coal Joint Venture

November 15, 2011

Nov. 15 (Bloomberg) -- Idemitsu Kosan Co Ltd. will become the operator and manager of Ensham Resources Pty’s open cut coal project in Australia’s Bowen Basin under the terms of a restructure pact with joint venture partner Korea’s LG International Corp., Idemitsu said in an e-mailed statement. Ensham currently produces 7 million metric tons of thermal coal in Australia that is exported to Japan, Korea, China, Taiwan, Malaysia and India, the statement said.

To contact the reporter on this story: Elisabeth Behrmann in Sydney at ebehrmann1@bloomberg.net

To contact the editor responsible for this story: Rebecca Evans at revans6@bloomberg.net


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