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Two Japanese companies join globalCOAL

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World Coal,

Two Japanese companies, Itochu Singapore and Shikoku Electric Power, have joined globalCOAL.

Shikoku Electric Power (YONDEN) is a Japanese utility that provides electricity to the four prefectures of Shikoku. YONDEN owns two coal-fired power plants: the Tachibana-wan power plant, which has a capacity of 70 MW; and the Saijo power plant, with a 40.6 MW capacity.

Itochu Singapore is part of ITOCHU Corp., which operates in a variety of markets such as coal, iron ore and non-ferrous metal. Itochu began trading coal in 2013 and is currently expanding in Asia. In the last fiscal year, Itochu traded 22 million t of coal.

“We are delighted to welcome two new Japanese trading partners to the globalCOAL community”, says Etsuyo Tomita, Market Manager for Japan at globalCOAL, “With this announcement, we now have twenty market members originating from Japan. Given that the Japanese are amongst the world’s biggest consumers of seaborne thermal coal, we especially value their participation in the globalCOAL marketplace.”

Edited by Harleigh Hobbs.

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