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Article: China: Huadian Power International Buys 2 Coal Mines for CNY760mn.
- Article from:
- TendersInfo
- Article date:
- July 8, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kusumv03
Huadian Power International Co., Ltd. lately spent CNY 397 million and CNY 362 million acquiring 70% of two coal mines located in the northern Chinese province of Shanxi, respectively. This time, the listed electric power producer gained nearly 290 million tons of available coal reserves, and more than 130 million tons could be exploited. It was the second time that Huadian Power International extended its upstream industry chain since it bought into two coal mines of Xinwen Mining Group Corp. in June 2009.
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