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Marubeni Signs Deal with Chinese Coal Importer |
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Thursday, 26 August 2010 10:27 |
Marubeni Corp. will begin supplying coking coal from Australia and Canada to China under a long-term sales agreement with China’s largest coal importer. According to The Nikkei, under the recently concluded five-year deal with Winsway Coking Coal Holdings Ltd., Marubeni will export around 2 million metric tons (mt) to China annually. The new agreement gives it a long-term supply framework. The Chinese company imported around 8 million mt of coking coal in 2009, including most Mongolian coal shipped to China.
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