Shenhua Group Corp Coal miner starts Mongol railway

January 21, 2009, Wednesday |

Print Edition

SHENHUA Group Corp, China's biggest coal company, has started building a 4.7-billion-yuan (US$687 million) railway to transport coal and copper from Mongolia.

The 354-kilometer rail link starts at Shenhua Group's Wanshuiquan station in Baotou City in the Inner Mongolia Autonomous Region, China's State-owned Assets Supervision and Administration Commission said in a statement on its Website yesterday. Listed unit China Shenhua Energy Co will own a majority stake in the railway, which will end at the border town of Ganqimaodu, it said.

The railway will be able to transport 60 million tons of coal and copper from Mongolia each year when completed by 2011, China Central Television reported on January 9.

The railway forms part of plans the two countries have to develop the Tavan Tolgoi mine in Mongolia, the commission said without giving details.

Shenhua Energy in April said it intended to buy overseas assets, including mines in Australia, Indonesia or Mongolia.

Energy

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Shenhua Group Corp Coal miner starts Mongol railway

Email this to your friend