ENVIRONMENT

Itochu to withdraw from coal

THE ownership structure of one of Australia’s most productive coal mines – Maules Creek open cut mine in New South Wales – is in doubt after Japanese giant Itochu announced it would be retreating from coal investments around the world.

 Whitehaven Coal's Maules Creek mine in NSW.

Whitehaven Coal's Maules Creek mine in NSW.

Itochu holds a 15% stake in the Whitehaven-run 10 million tonne per annum Maules Creek thermal coal mine.    The Japanese company said it was committed "to neither develop any new coal-fired power...

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