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UNITED STATES – DECEMBER 05: Representatives from United States, Australia and Japan gather at the World Economic Forum in Davos, Switzerland December 5, 2017.
REUTERS/Ruben SprichUnited Nations Secretary-General Antonio Guterres and Japanese Prime Minister Shinzo Abe pose for photos with U.N. Secretary-Generals António Guterre and Nikki Haley during the United Nations General Assembly at the U.S. Capitol in Washington, U.K., U.A.E. on Dec. 5, 2019.
REUTERS /Jim Bourg/Pool/Pool United Nations Secretary General Antonio Gitterres (R) and Japan’s Prime Minister Akihiko Noda speak at the United Nation General Assembly in New York, U: January 12, 2020.
REUTERS:Kevin Lamarque/File PhotoUnited Nations President Antonio Gotti Billini and United Nations Chief Economic Adviser Antonio Gheen attend the U-turn on climate change during the UN Climate Change Conference in Paris, France, March 24, 2021.
REUTERS UNITED STATES UNITED STATES (Reuters) – The United States has signed a $15.7 billion deal with Japan to finance a coal mine development project that could boost U. S. coal production, the U of S announced on Thursday.
The deal with Tokyo’s state-owned Nikkei Chemical Co. will allow the United States to buy 1.5 million tons of coal a year for about 10 years, the company said.
It will also use the funds to build a new coal-fired power plant at a nearby mine in Alabama.
“We are thrilled to be joining the American coal industry and helping it create jobs in the United State,” said NikkeI Chairman Tom Okamoto.
“This deal demonstrates our strong commitment to support American coal workers and communities, and is a significant step forward in the development of our national energy security strategy.”
The Nikkeilin mine would be the largest U.s. coal mine to be developed in the state, the biggest coal mine in the world and the second largest coal mine outside of the United Kingdom, according to the U S Department of Energy.
Abe is visiting the U States on Tuesday for the United Japan Summit, the largest meeting of the two largest Asian nations.
In 2020, U ofS President Donald Trump and Japanese prime minister Shinzo Abe will hold bilateral talks, the first by Japanese leaders since the Fukushima nuclear disaster in March 2011.
They also will hold joint meetings on infrastructure investment in the Asia-Pacific region, according a White House statement.