Foreign-affiliated Enterprises Impounding Coking Coal Assets In Canada

摘要

Judging from the increasing demand on coking coal in Asian countries, the huge foreign-affiliated enterprises are now taking a full-scale action to impound the coking coal assets in Canada. As reported before, on 1st of November Marubeni Corporation and Winsway Coking Coal Holdings Limited, China decided to jointly take over Grande Cache Coal Corporation. The takeover amount based on 100% of the shares is CAN 983 million dollars.