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Xinwen Mining Group Acquires Australian Coal Mine Exploration Permit in Bowen Basin
Xinwen is the third-largest coal miner in China and this acquisition comes after its bigger rival China Shenhua Energy bought an exploration licence near Gunnedah from the NSW government in Australia last month for $261 million.
Xinwen Mining Group has acquired Australian Linc Energy’s, Teresa exploration permits in the Bowen Basin for $1.5 billion as it [...]
China Coal Mining Exploration, Shenhua Gets Exploration License Of Coal-Mine In Australian
China Shenhua Energy Co has agreed to pay A$300 million (US$261 million) for a coal exploration license in Australia. It reported a 17.4-percent growth in July output.
Shenhua, the world’s most valuable coal producer, will explore an area of 190 square kilometers near Gunnedah in New South Wales, where there are thought to be shallow thermal [...]
China Coal Mining Exploration, Shenhua Energy Wins Australia Coal Exploration Permit
China Shenhua Energy Co., the world’s largest coal producer by market value, agreed to pay A$300 million ($261 million) for a coal exploration license in Australia as it expands overseas to gain supplies.
Shenhua’s first foreign exploration permit is a 190-square kilometer area near Gunnedah in New South Wales state. The site is expected to contain [...]
Chinese Mining Company, China Shenhua Energy Offered $600 million Mining License
A Chinese mining company has reportedly offered $600 million for a mining licence in the Gunnedah region.
The China Shenhua Energy group has outbid Australian companies BHP Billiton and Xstrata in a tender for the exploration licence for the Watermark exploration area.
The successful bid has not been announced.
The Gunnedah basin area is believed to contain deposits [...]
