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Business

Mitsubishi to unload nickel stake in asset reshuffle

TOKYO -- Mitsubishi Corp. will sell its only stake in an overseas nickel project and shift its resource business toward copper, coal and natural gas.

     The Japanese trading giant is expected to unload its 30% or so interest in the Weda Bay nickel mine under development in Indonesia for about 10 billion yen ($89.8 million) to French partner Eramet.

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