Sojitz Sees Threefold Increase in Mongolian Coal Sales to China

Reuters reported that Sojitz Corp. (TSE:2678) said it plans to boost Mongolian coal sales to China threefold over three years.

As quoted in the market news:

Sojitz, Japan’s sixth-biggest trading company, expects its acquisition of a 10 percent stake in Mongolian resources and coal distributor – Inner Mongolia Zhongmeng Coal Co, a unit of Inner Mongolia Erdos Group – to help boost its China sales.

Click here to read the full Reuters report.