BVI company Winsway Coking enters into Strategic Cooperation Agreement

Marubeni Corporation has entered into a Strategic Cooperation Agreement with a British Virgin Islands-registered company Winsway Coking Coal Holdings Limited. Winsway is one of the leading Chinese suppliers of imported high-quality coking coal.

Through this deal, the parties have agreed to expand coal sales to the Chinese market through Winsway. The aim of the companies is to achieve sales of over 2 million tons per annum of coking coal from Australia, Canada and other countries.

Winsway was the largest offtaker of Mongolian coking coal in 2009, so by cooperation with the BVI company Marubeni will be able to handle Chinese and Mongolian coal and provide a stable coal supply to Japanese and other markets. 

The agreement includes provision for joint coal resource development by both companies, as well as possible consideration by Marubeni to become a shareholder in Winsway.

Winsway Coking Coal Holdings Limited was established in 2007 in the British Virgin Islands, its main business is distribution and transportation of coal from Mongolia and other countries into China.

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