Chalco to sign a coal purchase agreement with Shenhua on long-term strategic co-op

Published: 28 Apr 2009 01:19:31 PST

Apr.28 MetalBiz--China's top aluminum provider Chalco signed a strategic agreement on April 27th for long-term coal purchases from China Shenhua Energy Co., the country's largest coal maker.

According to the agreement, Shenhua will supply coal to Chalco with reference to the latter's specific requirements, while Chalco will give priority to using coal resources of Shenhua when running new projects.

Chalco is the world's second largest alumina producer and third largest electrolytic aluminum manufacturer. Its assets now reach 360bln yuan.

Shenhua is the country's largest coal producer and exporter, with the biggest fine coal stock in China.