Marubeni Corporation (hereinafter, “Marubeni”) acquired an additional 6.7% stake in Jellinbah Group Pty Ltd (hereinafter, “Jellinbah Group”), which owns 70% of the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, from Zashvin Pty Ltd (hereinafter, “Zashvin”), an existing shareholder of Jellinbah Group.

Steelmaking coal is the raw material required for ironmaking using the blast furnace method,* while steel is the most widely used material in the world and is essential for the development of society. Global demand for steel is expected to expand in line with population growth and economic growth, and blast furnace ironmaking will continue to play an important role in meeting this demand. In addition, the high-quality steelmaking coal produced at both mines operated by Jellinbah Group will also contribute to reducing environmental impacts.

In its Mid-Term Management Strategy (GC2027), Marubeni outlines a resource investment plan that emphasizes increasing its access to high-quality resources while improving cost competitiveness. Since Marubeni invested in Jellinbah Group as a 33.3% shareholder in 2007, it has contributed to the stable supply of high-quality steelmaking coal to customers around the world through the stable operation of both mines. This additional investment will increase Marubeni’s involvement in Jellinbah Group, a core company in the steelmaking coal business. This will further enhance the operational efficiency of both highly cost-competitive mines and ensure the continued stable production of high-quality steelmaking coal. Marubeni will continue to provide a stable supply of high-quality steelmaking coal to customers worldwide.

* Blast Furnace Method: An ironmaking process in which iron ore and steelmaking coal react at high temperatures in a blast furnace to extract iron

Jellinbah Group Overview
Company Name	Jellinbah Group Pty Ltd
Location	Brisbane, Queensland, Australia
Establishment	1988
Ownership	Company Name	Pre- acquisition	Post-acquisition
	Zashvin	66.7%	60.0%
	Marubeni	33.3%	40.0%
Main Business	Management and operation of Jellinbah East steelmaking coal mine and Lake Vermont steelmaking coal mine
Website	https://jellinbah.com.au/

Jellinbah East steelmaking coal mine Overview
Location	Bluff, Queensland, Australia
Ownership	Jellinbah Group (70.0%), Marubeni (15.0%), Sojitz (15.0%)
Production	5 Mtpa
Marubeni Equity Interest	Pre-acquisition	Post-acquisition
	38.3%	43.0%

Lake Vermont steelmaking coal mine Overview
Location	Dysart, Queensland, Australia
Ownership	Jellinbah Group (70.0%), Marubeni (10.0%), Sojitz (10.0%), AMCI (10.0%)
Production	9 Mtpa
Marubeni Equity Interest	Pre-acquisition	Post-acquisition
	33.3%	38.0%