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Article: Henan coal group to be established by end of 2006.
- Article from:
- China Business News
- Article date:
- December 20, 2004
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Henan coal group to be established by end of 2006
Shanghai. December 20. INTERFAX-CHINA - Another huge coal group will be established in Henan Province after similar moves made in the provinces and regions of Shanxi, Ningxia, Shaanxi and Heilongjiang. Henan will restructure its coal industry by merging nearly 90% of its local coal resources into one coal group, named the Henan Coal Group, by the end of 2006.
As Interfax reported, the local coal industry bureau bought the 21.74% stake in the Henan Pingdingshan Coal Industry (Group) Corporation held by the China Development Bank on December 10, part of the restructuring plan adopted by the provincial ...