RAG sells off former trading arm

RAG Trading and Arcelow USA Holding last week sold CAIT LLC, formerly CoalARBED International Trading Partnership, to Houston-based AXIS Energy.

Angie Tomlinson

CAIT trades coal, including blast furnace coke, pulverized injection coal and coking coal, around the world.

RAG Trading said it now conducts all its North American business through its subsidiary RAG Trading Americas Corp.

Robert Shepard was recently appointed to head up RAG Trading’s North American arm, supported by Monty Ramella working out of Virginia.

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