A coke purchase is currently under negotiation between the China
Shenhua Energy Co., Ltd. (CSEC) and a Mongolian coalmine, Huang
Qing, secretary to the board of directors of CSEC, revealed on
November 19, 2007. The deal is expected to be CSES's first overseas
purchase.
According to Huang Qing, the CSEC boasts many unique advantages
in undertaking the coke exploitation project. Situated in the
?mn?govi Aimag of the State of Mongolia, the coalmine is only some
100 kilometers from China as the crow files. If the deal is signed,
then the CSEC can build a short railway to transport the coke into
China.
Coke extracted from the south Mongolian coalmine is expected to
exceed 10 million tons. "We are not sure how much coke we can
purchase from the coalmine. It depends upon the Mongolian
government. Also, the government has not decided whether we will be
the sole contractors for the project or whether other companies
will do a deal as well," said Huang Qing. However, he pointed out
that it was not likely for the CSEC to negotiate with other Chinese
companies in exploiting the coalmine.
For?more details, please read the full story in Chinese. (
http://www.china-cbn.com/s/n/000004/20071120/020000060704.shtml)
(China.org.cn November 20, 2007)
