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Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY


In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co-operation letter of intent. According to the content of letter, from 2010 on, SUEK will provide a total of 3mln tons of steam coal for Yudean Group at the most favorable price for the consecutive three years.

It is learned that SUEK is Russia's largest coal producer, with 100mln tons of crude coal per year. 71% of production is used for the domestic, and around 25% is exported to overseas.

This co-operation letter of intent signed by both sides will lay down the good foundation for Yudean to co-operate with international stronger coal enterprises.
Source: Alibaba



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