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Mitsubishi Corporation has Offices & Subsidiaries in approximately 90 countries around the world

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  • Japan (Head Office)
  • North America
  • Latin America &
    the Caribbean
  • Europe
  • Africa
  • Middle East
  • Central Asia
  • East Asia
  • Asia & Oceania

Japan (Head Office)

North America

Latin America & the Caribbean

Please see details of our activities in Latin America & the Caribbean here.

Corporate Brochure

Central Asia

Mitsubishi Corporation

Press Room

May 4, 2018
Mitsubishi Corporation

Mitsubishi Corporation Completes Sale of Interests in Hunter Valley Operations in Australia

Mitsubishi Corporation (“MC”) announced on June 13, 2017 that it had reached an agreement for the sale of its 32.4% ownership interest in Hunter Valley Operations Coal Mine in Australia held by wholly owned subsidiary Mitsubishi Development Pty Ltd to Glencore. MC is hereby pleased to announce that the sale was successfully completed on May 4, 2018.
 
The profit from this sale is included in the full-year earnings forecast for the fiscal year ending March 31, 2018.
 
Based on its “Midterm Strategy 2018”, MC has been taking steps to improve its asset portfolio without increasing its overall investment balance, particularly as it relates to its resources business. In line with this strategy, MC will continue optimizing the asset portfolio.
Reference Information
 
1. About Mitsubishi Corporation
 
Head Office: 3-1, Marunouchi 2-Chome, Chiyoda-Ku, Tokyo 100-8086, Japan
Main Business: Mitsubishi Corporation is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation’s current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.
Representative: Takehiko Kakiuchi, President and CEO
Establishment: 1954
 
 
2. About Glencore
 
Head Office: Baarermattstrasse 3 Baar, CH-6340 Switzerland
Business: Glencore is one of the leading mining and commodities trading companies in the world, with a range of mining activities including copper, coal, zinc and nickel. Glencore’s business covers over 90 commodities encompassing metals & minerals, energy products and agricultural products as well as related marketing and logistics activities.
Representative: Ivan Glasenberg, Chief Executive Officer
Establishment: 1974
 

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