Marubeni Corporation joins globalCOAL
LONDON AND SINGAPORE - 4 August 2009
globalCOAL announced today that Tokyo-based Marubeni Corporation has joined the globalCOAL trading platform as a Market Member.
Marubeni Corporation is one of Japan's leading trading houses with 5,500 employees domestically and abroad. Its activities span the international and domestic trade of goods in a variety of sectors including textile, pulp and paper, foods, chemicals, metals and minerals, iron and steel products, and energy. Through its subsidiary Marubeni Coal Pty Ltd, the company has investments in coal mines in Australia. Marubeni Corporation is listed on the Tokyo Stock Exchange.
"As one of the largest sogo shosha and a significant investor in the Australian coal mining sector, Marubeni is a valued addition to the globalCOAL Market Membership," said Patrick Markey of globalCOAL in Singapore. "The steady growth of globalCOAL's Japanese Market Member contingent is an encouraging indication of the growing interest for standardised trading and risk management in the Asia-Pacific region."Marubeni is globalCOAL's twelfth Japan-based Market Member.
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