CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
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Winsway agrees to buy 1.2M tonnes semi-soft coking coal from Southgobi
October 19, Hong Kong (Winsway) The Company announces that the Coal Supply Agreements were entered into between Winsway Singapore and SouthGobi, pursuant to which Winsway Singapore has agreed to purchase, and SouthGobi has agreed to sell, up to 1,200,000 tonnes of semi-soft coking coal.
This announcement is made by Winsway Coking Coal Holdings Limited (the "Company", together with its subsidiaries referred to as the "Group") pursuant to Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The Company announces that Winsway Resources Holdings Private Limited ("Winsway Singapore"), a directly wholly owned subsidiary of the Company, and SouthGobi Sands LLC ("SouthGobi"), a company established under the laws of Mongolia, have entered into two Coal Supply Agreements ("Coal Supply Agreements") which took effect from 15 October 2010 for a purchase of an aggregate of up to 1,200,000 tonnes of semi-soft coking coal to be delivered within the last quarter of 2010, of which up to 200,000 tonnes is intended to be used by ECCW (Tangshan) Jiahua Coking & Chemical Co., Ltd. or such other end users as agreed by SouthGobi. The terms were arrived at after arm's length negotiations between the parties and were based on normal commercial terms and the current market conditions.
The Company and SouthGobi are also engaged in an on-going dialogue about potential long-term cooperation.
"Mogi" Munkhdul Badral
Executive Director
CPS International
Email: mogi@cpsinternational.mn
Mobile: +976-99996779
CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
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