MC inks new cooperation agreement with HEI

Coal miner MC Mining has signed a cooperation agreement with Haohua Energy International (HEI), a wholly owned subsidiary of Shanghai-listed Beijing Haohua Energy Resource Company, which is the largest exporter of anthracite coal from China. The parties had initially entered into a cooperation agreement in 2013, but the introduction of new shareholders during the last six years had resulted in HEI not maintaining the required 19.9% shareholding in MC Mining and the agreement subsequently lapsed.