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Mitsubishi Corp. to sell interests in Australian coal mines

Proceeds to go toward increasing copper positions ahead of electric vehicle boom

Mitsubishi Corp. has decided to sell interests in two Australian coal mines and use the proceeds to get ahead of what it sees as an approaching copper boom.

TOKYO -- Mitsubishi Corp. has agreed to sell its interests in two Australia coal mines for 750 million Australian dollars ($532 million), with plans to use the proceeds to increase its interests in copper mines.

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