Reuters: Business News: Sumitomo pulls out of Aquila coal JV in Australia

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Sumitomo pulls out of Aquila coal JV in Australia Apr 29th 2013, 00:33 SYDNEY (Reuters) - Aquila Resources on Monday suffered a set back to its plans to raise capital via asset sales to help fund a A$7.4 billion ($7.6 billion) Australian iron ore project after Sumitomo Corp pulled out of a coal exploration partnership.

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