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Mining Weekly reported that Chubu Electric (TSE:9502) is shifting its coal trading unit from Japan to Singapore.
Mining Weekly reported that Chubu Electric (TSE:9502) is shifting its coal trading unit from Japan to Singapore.
As quoted in the market news:
Chubu Energy Trading Inc. is currently based in Nagoya, Japan, but Takahiro Otsuki, general manager of planning at the fuel department, told reporters a move to Singapore would boost its business as four of five major shippers of Australian coal, including Xstrata, have offices there.
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