China National Coal Group Corp will negotiate with Japan on 2008 coal contract price.

The officials of China National Coal Group expressed that they will increase the coal price substantially and that the contract price will be higher than the price negotiated between Japan and Australia.

It is estimated that the coal export price of China National Coal Group will be more than USD 130 per tonne up by more than 90% YoY as compared with USD 67.9 per tonne in 2007.