China's Leading Coal Company and Supply Chain Company to Establish Cooperative Relations 17 Mar 2019

On March 8, 2019, China Coal Solution Company signed an agreement with Shaanxi Coal Company in Xi'an. The two parties intend to jointly establish a company with bulk commodity supply chain management as its main business. Its main business interests include commodities such as coal, iron ore and oil products related business of supply chain management.
 Shaanxi Coal Company is a core company of the world's top 500 enterprises, Shaanxi Coal and Chemical Industry Group. The company's main business is coal mining, washing, processing, sales and production services. The main products of coal have characteristics of low ash, low sulfur, low phosphorus, high heat and it is high-quality power, chemical and metallurgical coal. China Coal Solution Company's supply chain management business has been in operation for nearly 20 years, covering most of China and the United States, Russia, Europe, Australia, Singapore, Indonesia, Malaysia and other more than 10 countries and regions. Both parties in the coal industry have mature experience, are able to integrate the upstream suppliers of the industry chain and downstream customer resources, which is conducive to promoting the resource integration and efficiency improvement of the coal industry chain. The two parties will jointly build a new multi-variety commodity supply chain management platform, which will provide a powerful boost to the rapid growth of China Coal Solution Company's coal supply chain business. Shaanxi Coal Company owns a high-quality coal producing area mainly located in northern Shaanxi. It is a high-quality coal for power, metallurgy and chemical industry. It has abundant reserves and excellent quality, and strong resource advantages, product advantages and location advantages. In the field of energy commodity circulation, China Coal Solution Company is committed to create a benign ecosystem that integrates trading, logistics, information and finance into a whole industry chain for win-win cooperation and sustainable development. It not only has the platform advantage of the core enterprise, but also provides diversified and systematic supply chain services to customers in all aspects of the supply chain. By actively carrying out the characteristic supply chain finance business, it promotes the combination of industry and finance to improve transaction efficiency and reduce transaction costs.