In a flyer sent to potential buyers, and obtained by Street Talk, Mitsubishi and Rothschild said Clermont's single pit open cut mine produced 13.1 million tonnes of saleable coal in 2015 and had an 11 year remaining reserve life.
The mine was pitched as a "first quartile" operation in terms of margin position when compared to global and Australian seaborne coal market players, with a simple design, low strip ratio and minimal required washing.
The flyer said Clermont produces low ash, low sulphur and high energy thermal coal, which should find itself appealing to Asian buyers.
Interested parties were told that the mine had a total reserve worth 118 million tonnes and total resource of 141 million tonnes. Production has increased from 3.8 million tonnes when the mine started in 2010 to 13.1 million tonnes in 2015.
Glencore and Japan's Sumitomo paid just over $US1 billion for a 50.1 per cent stake the mine in 2013, which would imply a $700 million-odd price for Mitsubishi's 34.1 per cent stake.
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