Stricter standards for Chinese coking coal exporters
Chinas Ministry of Commerce announced on Monday, November 21, its qualification standards for 2006 for
coking coal exporters.
The 2006 standards raise the registered capital requirement for
coking coal exporting enterprises to a minimum of RMB 50 million ($6.2 million), up from RMB 30 million ($3.7 million). Furthermore, the annual export volume in recent three years should be a minimum of 120000 metric tons per year, up from 100000 metric tons.
Sources report that the Ministry of Commerce will entrust the
China Chamber of Commerce of Metals Minerals & Chemicals importers & Exporters (CCCMC) and the
China Coking Industry Association (CCIA) to review the qualifications of applicants.
The stricter standards could cause a further decline in Chinese
coking coal exports.
For details of the Ministry's announcement
click here.
SteelOrbis Shanghai