Restructure plan to decide Mitsui�s fate

THE Industrial Revitalization Corporation of Japan (IRCJ) announced this week it would consider continued support of Mitsui Mining if its promised restructuring plan met the corporations requirements.
Restructure plan to decide Mitsui’s fate Restructure plan to decide Mitsui’s fate Restructure plan to decide Mitsui’s fate Restructure plan to decide Mitsui’s fate Restructure plan to decide Mitsui’s fate

 

Staff Reporter

The IRCJ baulked on its bail out plan after it was exposed Mitsui had not revealed the full extent of its losses.

Japanese news reports have suggested Mitsui will either sell or dissolve its water processing operations as part of its restructuring plan.

It will also look at requesting additional finance from its main bank.

The assistance plan is in the form of 171 billion yen to Mitsui, including its subsidiaries Mitsui Mining Coke, Mitsui Mining Logistics and Mitsui Coal Mining.

Mitsui Mining was formerly Japan's largest coal producer and has recently diversified into construction materials and machinery sales.

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