Shanxi Coking Coal Group Co., Ltd. is poised to expand its clout in the international coking coal market after exporting the first vessel of coking coal to Malaysia. The shipment of 40,000 tonnes of washed lean coking coal, which left Longkou port in Shandong province on October 25, will be exported to Alliance Steel (M) Sdn. Bhd., the group said. The export used its own export quota and qualification, it noted.
Shanxi Coking Coal Group, China’s largest coking coal producer, has its own coal export quota from Shanxi Coal Import and Export Group, a wholly-owned subsidiary it acquired in 2020 during a major M&A campaign in the coal-rich Shanxi province. Shanxi Coal Import and Export Group is one of the four state-owned enterprises qualified to export coal in China.
The coal was mined from Dongqu Mine of Xishan Coal Electricity Group Co., Ltd., a subsidiary of state-owned Shanxi Coking Coal Group.
The group noted the smooth progressing of this line of business not only opens up new selling channels based on its qualifications to export and import, but also expands overseas business territory.
Alliance Steel (M) Sdn. Bhd., founded in April 2014, is a state-owned-joint-stock foreign investment enterprise jointly invested by Guangxi Beibu Gulf Port International Group Co., Ltd. and Guangxi Shenglong Metallugical Co., Ltd. Located in Kuantan, the Capital of Pahang State, the company was established under effort of the head of state of China and Malaysia, the company’s official website introduced.
