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Shanxi Puda Coal Received Approval to Consolidate Four Additional Coal Mines in Pinglu County
In order to improve production efficiency and safety in the workplace and to reduce coal mine accidents, in early 2009, the province of Shanxi, the government issued a policy requiring the merger and consolidation of companies in the coal mining province of Shanxi. In accordance with government policy, large corporations coal production given the opportunity [...]
Shanxi Puda Coal Signed Deal Mining Rights And Transfer Of Mining Assets In Two Mining Companies
Shanxi Puda Coal Group, a subsidiary company Puda Coal, one of the largest suppliers of the largest metallurgical coking coal, signed the treaty rights and the transfer of mining assets, mining coal mining companies Da Wa Pinglu County Coal Co. Indsutry. Pinglu County Guanyao and Coal Industry. Puda Coal will own 100% of mining assets, [...]
China’s Coal Supply Dropped 3 Million Metric Tons Per Month
Accidents at coal mines in China resulted in China’s coal supply decreased 3 million metric tons per month. The decline affects the supply of coal in China’s coal consumption to 5 percent. China’s coal supply is used to support the growth of steel making industry. Government of China will take steps to close a number [...]
Shanxi Coking Coal Group Reported Coal Mine Exploration and Production Decline 10% in First Quater
Shanxi Coking Coal Group witnessed over 10% decline in both coal and coke production in Q1. As a response to the drop, Shanxi adjusted its objective of the year’s production volume.
China Steel Company May Boost Coking Coal Import After International Coal Mine Prices Dropped
China, the world’s largest steelmaking nation, may boost coking coal imports after international prices dropped, a research company said.
Shanxi Coking Coal Group Suspends Mining Production From Two Mines
Xishan Coal and Electricity Power, a listed arm of Shanxi Coking Coal Group, said on Wednesday that production had been suspended at two of its mines for safety inspections.
Fushan Purchase Agreement Jointly develop Fortune Dragon’s Three Coking Coal Mines at China
Fushan International Energy to announce concluded a conditional sales and purchase agreement with Fortune Dragon Group Limited (“Fortune Dragon”) to jointly develop Fortune Dragon’s three coking coal mines at Xingwu, Jinjiazhuang and Zhaiyadi with an annual total raw coking coal production capacity of 6.3 million tonnes for a total consideration of HK$10.53 billion. Upon the [...]
China Taiyuan Coal Exchange to open in November
China Taiyuan Coal Exchange, the first of this kind in the country, will be put into operation in November of this year at the soonest, the Shanghai Securities News reported today.
The coal exchange, with a total investment of one billion yuan (US$133.33 million), includes the construction of the exchange center and a coal base in [...]
China coal firms cut exports to Korea, Japan
Chinese producers have cut thermal coal shipments to South Korean and Japanese power utilities on tight supply and high domestic prices, a move likely to spur price gains in an already tight Asian market.
The news follows data on Monday showing Chinese coal exports fell by nearly half in January from the previous month, raising fears [...]
