It is reported that Angang has lately inked a coal purchase agreement with Anhui based Huaibei Mining Group after signing a five year strategic cooperation agreement with Yangquan Coal Group Co Ltd days ago.

The coal purchase agreement requires the annual coal purchasing volume should be at least one million tons during 2011 to 2015. In recent several years, the steelmakers were in a big fight for the raw materials, so Angang actively started the exploration of materials market. In 2007, the steel mill purchased refined coal from Huaibei Mining Group.

The time, the annual purchasing volume was raised at one million tons, which may ease Angang independence on the import of coal especially for the fine-quality coking coal.

(Sourced from www.sasac.gov.cn)