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‘Kolmar’ will supply the Chinese ‘Baowu Steel’ with 240 thousand tons of coking coal

The coal mining company Kolmar and the Chinese metallurgical corporation Baowu Steel have signed an annual contract for the supply of 240,000 tons of premium coking coal, said Anna Tsivileva, Chairman of the Board of Directors of Kolmar Sales and Logistics, to Interfax.

Кolmar Coal Company has signed a long-term contract to supply Baowu Steel, the Chinese metallurgical corporation, with 240,000 tons of Inaglinsky premium coking coal from the Inaglinskaya 1 concentrator," Tsivileva said.

She noted that the contract is valid from April 2017 to March 2018. It was signed after several successful pilot deliveries of batches of coking coal from the "Inaglinskaya 1" concentrator to the Baowu group.

Kolmar Sales and Logistics is a trading company registered in Switzerland, engaged in marketing, sales and logistics of Kolmar Group's coking and energy coals, as well as trading in foreign coals for export markets. The main sales destinations are the Asia-Pacific countries: Japan, China, South Korea, India, Vietnam and some European countries.

Kolmar combines coal mining companies, trading and logistics companies. The group’s companies have licenses for the development of the Chulmakansky and Denisovskoye coal deposits. The balance reserves consist of more than 1 billion tons of coking coal.