Stocks News
- Shenhua in talks to buy Mongolia deposit
Date: 22-Nov-2007 Sources: (Shenzhen Daily)
SHENHUA Energy Corp. was in talks to buy a stake in an untapped coking coal deposit in Mongolia, the China Business News said yesterday, quoting the company's board secretary.
The project, in Mongolia's Tavan Tolgoi, was expected to have an annual coking coal production of more than 10 million tons, the newspaper said. 'The coking coal resources Shenhua will obtain depends on the offering from the Mongolian Government,'Huang Qing was quoted as saying.
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