The parties aim to reach target sales of over two million tons per annum of coking coal from Australia, Canada and other countries.
The strategic cooperation agreement includes provision for joint coal resource development to be conducted by both parties in the future and the possible consideration by Marubeni to acquire a shareholding in Winsway.
Marubeni said it recognizes the Chinese market as an important market for coking coal and expects to result in an increase in its coal trading volume to China.
