Mitsubishi Development Pty Ltd is a wholly-owned subsidiary of Mitsubishi Corporation, Japan's leading trading and investment conglomerate. Incorporated in Australia in 1968, it acts as the primary holding company for the group's mineral resources investments in the country.
The company's core operations center on steelmaking coal through its 50-50 joint venture with BHP, the BHP Mitsubishi Alliance (BMA). BMA manages multiple large open-cut and underground metallurgical coal mines in Queensland's Bowen Basin, such as Goonyella Riverside, Peak Downs, Saraji, Caval Ridge, and Broadmeadow, as well as the Hay Point Coal Terminal near Mackay. This makes BMA one of the world's largest exporters of seaborne metallurgical coal, supplying steel producers globally.
In addition, Mitsubishi Development holds a 30 percent stake in the Aurukun Bauxite Project in Queensland, developed in partnership with Glencore. Headquartered in Brisbane, the company employs around 60 staff directly and supports thousands more through its joint ventures and operations.
As part of the Mitsubishi Group, it contributes to Australia's resources sector and participates in sustainability initiatives, including funding and partnering on carbon capture technology trials at steel plants like ArcelorMittal Ghent in Belgium, aimed at reducing emissions in the steel industry.
Also known as MDP.
Industrial pilot connects a plasma CO₂-to-CO unit to a carbon-capture stream to produce CO for blast-furnace reductant use or as feedstock for chemicals and fuels.
