Mar 1, 2011
Double Dragons Inc., based in Guizhou province of northwestern China on Feb 28 signed a cooperation agreement with Shanghai Yunfeng Group to jointly establish a large coal group for developing coal resources in Guizhou, Xinhua News Agency reported.
With a joint investment of nearly 2 billion yuan, the new coal group would mainly engage in coal production and deep-processing in Guizhou. It plans to have production capacity over 10 million tonnes and production value in excess of 10 billion yuan during the 12th Five-Year Plan period, according to the report.
Double Dragon, a comprehensive private company, focuses on business of coal, phosphorus chemical, food and trade, while Shanghai Yunfeng, a large state-owned company, mainly conducts business in energy, automobile, real estate and logistics.Coal-rich Guihzou holds coal reserves up to 50 billion tonnes, ranking the fifth in China.(By Xinhua)
With a joint investment of nearly 2 billion yuan, the new coal group would mainly engage in coal production and deep-processing in Guizhou. It plans to have production capacity over 10 million tonnes and production value in excess of 10 billion yuan during the 12th Five-Year Plan period, according to the report.
Double Dragon, a comprehensive private company, focuses on business of coal, phosphorus chemical, food and trade, while Shanghai Yunfeng, a large state-owned company, mainly conducts business in energy, automobile, real estate and logistics.Coal-rich Guihzou holds coal reserves up to 50 billion tonnes, ranking the fifth in China.(By Xinhua)
Tags : coal, raw material, steel mills, coal production, agreement
Posts
No comments:
Post a Comment