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Article: CHINA-ENERGY-COAL.

Article from:
China Business News
Article date:
June 6, 2002
Copyright

Baosteel Group Corporation invest in No.1 Coal Mine in Shoushan

Shanghai. June 6. INTERFAX-CHINA -Pingdingshan Coal Co. Ltd (PCCL) and Baosteel Group Corporation recently reached an agreement on cooperation and they will explore the No 1 Coal Mine in Shoushan together.

Baosteel Group will provide 30% of the whole investment and the designed annual capacity of this mine will be 2.4 mln tons. PCCL will take advantage of the capital, technology and management methods of Baosteel Group, Zhongguo Nengyuan Xinxi Wang, reported.

The Pingdingshan coalfield has known reserves of 7.6 bln tons. ...

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