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RAG Coal International chairman Jurgen Stadelhofer said the company would expand its worldwide activities on top of its steam coal trade in Europe. Worldwide shipments currently total 25 million tonnes per annum.
Expansion will be focussed on growing its metallurgical and carbon product trade through wholly-owned subsidiaries in the Netherlands, France, Germany, Singapore and America.
“The most recent sales of participations in various companies in Europe and the US should not be interpreted as a sign of exiting the industry altogether, but rather as a step forward on the path of concentrating on operations fitting well into our value-added strategy around the globe,” Stadelhofer said.
He said original equipment manufacturer DBT’s position as a wholly-owned business, and the move to enter tar processing under Rutgers Chemicals, meant the company had sharpened its profile as a global coal-related entity.
