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Article: Puda Coal Receives Final Government Approval to Consolidate Eight Coal Mines in Shanxi Province.
- Article from:
- China Weekly News
- Article date:
- October 13, 2009
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Puda Coal, Inc. (NYSE Amex: PUDA) ("Puda Coal" or the "Company"), a supplier of China's high grade metallurgical coking coal used to make coke for the purposes of steel manufacturing, announced that its subsidiary Shanxi Puda Coal Group Co., Ltd. ("Shanxi Coal") received final approval from the provincial government to consolidate eight coal mines in Shanxi Province.
On September 28, 2009, the Shanxi provincial government appointed Shanxi Coal as consolidator for eight coal mines in Yucheng City, Pinglu County. In February 2009, Shanxi Coal signed a letter of intent with Pinglu County to consolidate and restructure a coal mine area encompassing six coal mines. ...