• Kyodo

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Chugoku Electric Power Co. said Monday it will acquire a 10 percent interest in an Australian coal mine owned by a Japanese oil refiner to secure a stable source of fuel for its power plants.

The Hiroshima-based utility will pay an undisclosed sum for the stake in the Boggabri mine in New South Wales, according to a contract concluded with Idemitsu Kosan Co. on Monday.

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