If we substitute Noront for ChinaCoal, they at least sound friendly. We shall see.

Baosteel has cooperated with ChinaCoal for many years. In addition to the stable cooperative relationship in coal and steel trading, both parties also have extensive and in-depth cooperations in R&D, promotion and application of new products and new technologies in the field of coal mining equipment manufacturing.

According to the agreement, both parties will set up stable cooperative relationship in trading of coal and steel, explore the trading cooperation mode of mutual guarantee of coal and steel; actively explore the cooperative development of coal and other resources; carry out technical exchange, new product development and promotion, keep improving the communication and exchange mechanism and drive the cooperation between both parties to make new achievements continuously.