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Article: BUSINESS IN ASIA TODAY - SEPT 1, 2006.

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AsiaPulse News
Article date:
September 1, 2006
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Business in Asia on Sept 1, 2006. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

JAPAN COS JOIN SWISS FIRM TO CREATE AUSTRALIAN MINING AREA

TOKYO - Nippon Steel Corp. (TSE:5401) and Nippon Oil Corp. (TSE:5001) will develop a new mining area at an existing coal mine in Australia in a joint effort with major Swiss mining firm Xstrata Plc and others. Total investment in the project is estimated at 30 billion yen (US$256 million), and shipments of coking coal produced from the new mining area are slated to begin in 2009. The new mining area will ...

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