Zarechnaya Coal Company to deliver 11.2 million tons of coal to European EDF Trading
The trading subdivision of the Zarechnaya Coal Company in Switzerland CCZ Trade SA signed a 6-year contract with EDF Trading for delivery of 11.2 million tons of coal.
The contract presupposes delivery of 11.2 million tons of energy coal (6,000 kcal/kg) within 6 years from 2013. The coal mined at Zarechnaya, Oktyabrskaya and Aleksiyevskaya mines will be dispatched to the power plants of EDF Group on FOB Ventspils, where Zarechnaya has its own coal terminal with the capacity of up to 6 million tons per year.
At the same time, there is active contract for the delivery of energy coal to Zarechnaya signed by CCZ Trade SA and EDF Trading in 2012. The contract presupposes delivery of 3.1 million tons in 2013-2014.
“Zarechnaya Coal Company delivers more than 80% of its products to the European market. The long-term contract with one of the largest energy companies in EU means that our European partners trust us and confirms that Zarechnaya is a stable and reliable coal company. Besides, it will help us strengthen our positions at European market”, CEO of CCZ Trade SA Denis Arkhipov noted.
Source: http://www.metalinfo.ru/ru/news/62096
Translated by Alexandra Utyasheva