[CPSI NewsAlert: MAK to Sell 3Mtpa Coal to Winsway]

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STRATEGIC ALLIANCE AGREEMENT WITH MONGOLYN ALT (MAK) LLC

October 26, Winsway Coking Coal Holdings Limited (HK:1733) -- The board of directors (the “Directors”) of the Company announces that the Company entered into a ten-year strategic alliance agreement (the “Strategic Alliance Agreement”) with MAK on 25 October 2011.

Under the Strategic Alliance Agreement, Mongolyn Alt (MAK) LLC (“MAK”) or its designated companies will supply high-quality coal to the Company or its designated companies from Mongolia with a minimum volume of 3 million tonnes per year with scope to increase the volume as may be agreed by the parties. The purchase price shall be mutually agreed upon on a quarterly basis with consideration given to the market price in China. The Company will provide comprehensive logistical services to MAK.

The Strategic Alliance Agreement will regulate supplies from MAK to the Company for a period of ten years starting from 2012 and may be renewed by the parties upon agreement within three months prior to its expiry.

Link to release

 

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"Mogi" Munkhdul Badral

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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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