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Article: HUADIAN POWER INTERNATIONAL BUYS 2 COAL MINES FOR CNY760MN
- Article from:
- AsiaInfo Services
- Article date:
- July 7, 2009
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AsiaInfo Services
07-07-2009
Huadian Power International Buys 2 Coal Mines for CNY760mn
SHANDONG, Jul 07, 2009 (SinoCast Daily Business Beat via COMTEX) -- Huadian Power International Co., Ltd. (SHSE: 600027 and SEHK: 1071) 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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