The sale of the interest in the Isaac coal mine will be worth A$430m ($438.1m).
The indicative approvals under the Queensland Mineral Resources were received to transfer the company’s interests in the tenements
to Sumitomo.
All the transaction conditions have been achieved between the two parties and the sale is expected to be sealed in the mid of July 2012.
Ocean Coal Mining an Australian company operating as a subsidiary of Sumitomo Corp.
