Yancoal Australia and Yancoal International Trading sign coal sales framework agreement
2020-05-27 17:29:37 [Print]
Yancoal Australia announced on May 26, 2020 that it signed a sales framework agreement with Yancoal International Trading Co., Limited to sell coal to the latter and/or its contacts (not including Yanzhou Coal Mining Company Limited) from the signing date to December 31, 2020.
Since April 30, 2020, Yancoal International Trading was no longer a subsidiary of Yanzhou Coal Mining but became an associate of Yanzhou Coal Mining. As Yancoal Australia may continue to sell coal to Yancoal International Trading in the remaining period of 2020, it signed the sales agreement with the latter. The maximum transaction amount during the valid period shall not exceed USD93 million.
Since April 30, 2020, Yancoal International Trading was no longer a subsidiary of Yanzhou Coal Mining but became an associate of Yanzhou Coal Mining. As Yancoal Australia may continue to sell coal to Yancoal International Trading in the remaining period of 2020, it signed the sales agreement with the latter. The maximum transaction amount during the valid period shall not exceed USD93 million.
