The original foreign investors in Australian iron ore, coal and gas have reaped rich rewards from a year in which they made rare forays into Australian politics.
made rare public comments against government interventions in NSW coal and federal gas policy respectively.
The payout is believed to be the biggest dividend that Mitsubishi Development has repatriated to Japan since it was named in the 1968 stateMitsubishi Development did not respond when asked if it had ever paid a bigger dividend, but corporate records show that between 2010 and 2021 the company never paid more than $1.64 billion of dividends in a single year.
MMRD is yet to file its accounts for the year to March 2023, but has already notified ASIC of $3.3 billion worth of dividends paid to its Japanese parent in the year to March 31. Kansai’s main exposure to Australian resources is through the Pluto and Ichthys liquefied natural gas projects in Western Australia and the Northern Territory respectively.
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