Japan, Canada team up to develop Canadian coal

Seven major Japanese companies signed contracts for the first joint Japanese-Canadian development of Canadian coal resources. The agreement follows two other major coal agreements signed here this week between Canadian companies and Japanese steel companies.

Meanwhile, China has canceled a $420 million contract with Mitsubishi of Japan for construction of a steel rolling mill, Mitsubishi said. China has heavily cut its modernization program because of a shortage of funds. Last week Peking canceled the second stage of a blast fu rnace with Nippon Steel Corporation.

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...