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(From AFX Europe (Focus))
TOKYO (XFN-ASIA) - Nippon Steel Corp and Nippon Oil Corp will develop a new mining area at an existing coal mine in Australia jointly with major Swiss mining firm Xstrata PLC and others, the Nihon Keizai Shimbun reported citing the two companies.
The business paper said the total investment is estimated at 30 bln yen.
Shipments of coking coal products from the new mining area are expected to start in 2009, the Nihon Keizai said.
Nippon Steel, Japan's largest ...