11
Sep
05:21
Bayi Steel signs major coking coal purchase contract
Baowu Group's Bayi Iron & Steel (Bayi Steel) and Mongolia's MoEnCoLLC Company, which is a subsidiary of Hong Kong Mongolia Energy Company, signed a coking coal purchase agreement during the 6th China-Eurasia Expo. The nominal value of the contract was reported to be $750 million, according to public media.
Bayi Steel plans to purchase 1.5 million tonnes of high-quality coking coal from Mongolia Energy each year for the next five years according …
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