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Mitsubishi mulls selling stake in Australian coal mine

Trading house rebalances resources portfolio, favors coking over steam coal

Trading house Mitsubishi Corp. intends to shift focus from steam coal toward coking coal.

TOKYO -- Mitsubishi Corp. looks to unload its stake in an Australian steam-coal mine as the Japanese trading house reshuffles its resources business, which took a big hit from market stagnation last fiscal year.

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