Press Release
Yatai Energy joins globalCOAL
LONDON AND SINGAPORE – 05 August 2011
The Chinese coal trading firm Chaozhou City Yatai Energy Co., Ltd has joined the globalCOAL® trading platform as Market Member.
Yatai Energy, based in Guangdong, China, is primarily engaged in the wholesale trade of coal, coke, metal ores and non-metallic minerals. The company trades in the region of 25 million tonnes of coal annually, of which approximately 12 million tonnes are imported from such countries as Indonesia, South Africa, Australia, Russia and Colombia.
“Yatai Energy’s participation in the globalCOAL trading platform demonstrates the continuing integration of the Chinese coal trade into the world market” says globalCOAL Chief Operating Officer, Patrick Markey. “As our presence in China continues to grow, we are investing great effort into developing trading and information tools that meet the needs of this key market.”
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