Thursday, 03 Nov 2011
Reuters reported that China Power International Development Limited said on Wednesday it agreed to form a joint venture company with China Coal Energy Co Ltd for a total investment of CNY 4.98 billion.
China Power said the JV Company will be principally engaged in investment, construction and operation of coal-fired power units, generation and sale of electricity, provision of heat and production and sale of power generating by-products.
(Sourced from Reuters)
Showing posts with label Chinease investment. Show all posts
Showing posts with label Chinease investment. Show all posts
Thursday, November 3, 2011
Monday, October 31, 2011
China to invest in coal sector of Pakistan
Monday, Oct31, 2011
ISLAMABAD: Sino Resources Group Limited China showed interest in coal processing of removing moisture to turn it into high version coal, which is highly efficient in upgrading the commercial value of lignite.
The company also gave detailed presentation of the most advanced coiled tubing, drilling and nitrogen stimulation technologies. A six member delegation of Sino Group, Shaanxi Dingbian Lide Oil well technology Service Limited and China Cultural Heritage Foundation, led by Jane Geng, Chairman called on Zia Uddin, Executive Director General of Board of Investment (BOI).
The China Cultural Heritage Foundation members were interested to open up super stores in Islamabad for the availability of Chinese products in Pakistan.
This store will promote the Chinese products and culture in Pakistan to create a cultural bonding between the two countries.
In this regard, the delegation will meet the competent authority of Capital Development Authority for the allocation of the site and other acquisitions for the super stores.
Zia Uddin appreciated the efforts being made by the company for their investment plans and briefed that in order to attract investment in Thar, a comprehensive incentive package has been developed with consultation from all stakeholders, which included 20 percent IRR to firms, 30 years exemption on corporate tax, all custom duties on import of coal mining projects allowed at zero percent to reduce the initial capital investment, exemption on withholding tax to shareholder etc to reduce the initial capital investment. PPI
sourced :Daily Times
ISLAMABAD: Sino Resources Group Limited China showed interest in coal processing of removing moisture to turn it into high version coal, which is highly efficient in upgrading the commercial value of lignite.
The company also gave detailed presentation of the most advanced coiled tubing, drilling and nitrogen stimulation technologies. A six member delegation of Sino Group, Shaanxi Dingbian Lide Oil well technology Service Limited and China Cultural Heritage Foundation, led by Jane Geng, Chairman called on Zia Uddin, Executive Director General of Board of Investment (BOI).
The China Cultural Heritage Foundation members were interested to open up super stores in Islamabad for the availability of Chinese products in Pakistan.
This store will promote the Chinese products and culture in Pakistan to create a cultural bonding between the two countries.
In this regard, the delegation will meet the competent authority of Capital Development Authority for the allocation of the site and other acquisitions for the super stores.
Zia Uddin appreciated the efforts being made by the company for their investment plans and briefed that in order to attract investment in Thar, a comprehensive incentive package has been developed with consultation from all stakeholders, which included 20 percent IRR to firms, 30 years exemption on corporate tax, all custom duties on import of coal mining projects allowed at zero percent to reduce the initial capital investment, exemption on withholding tax to shareholder etc to reduce the initial capital investment. PPI
sourced :Daily Times
Tuesday, October 4, 2011
China’s Hanlong Resources to acquire 100 percent of Sundance shares
Tuesday, 04 October 2011
Hanlong Mining, a subsidiary of Chengdu-based Chinese private sector industrial conglomerate Sichuan Hanlong Group, has announced that it has reached an agreement with Australian miner Sundance Resources to acquire 100 percent of Sundance shares.
Hanlong has increased its initial offer to A$0.57 cash per Sundance share, totaling A$1.65 billion. The Sundance board has unanimously recommended the offer in the absence of a superior proposal.
The offer is subject to approval from Australia’s Foreign Investment Review Board and China’s National Development and Reform Commission and also to Hanlong securing approved financing.
As SteelOrbis previously reported , Hanlong Mining had previously acquired a 19 percent stake in Sundance Resources, becoming the largest shareholder in the miner.
Tags: Australia , China , Oceania , Far East , Southeast Asia , M&A , mining , East Asia and Pacific
sourced steelorbis
Hanlong Mining, a subsidiary of Chengdu-based Chinese private sector industrial conglomerate Sichuan Hanlong Group, has announced that it has reached an agreement with Australian miner Sundance Resources to acquire 100 percent of Sundance shares.
Hanlong has increased its initial offer to A$0.57 cash per Sundance share, totaling A$1.65 billion. The Sundance board has unanimously recommended the offer in the absence of a superior proposal.
The offer is subject to approval from Australia’s Foreign Investment Review Board and China’s National Development and Reform Commission and also to Hanlong securing approved financing.
As SteelOrbis previously reported , Hanlong Mining had previously acquired a 19 percent stake in Sundance Resources, becoming the largest shareholder in the miner.
Tags: Australia , China , Oceania , Far East , Southeast Asia , M&A , mining , East Asia and Pacific
sourced steelorbis
Sunday, February 6, 2011
Tajikistan builds first structural steel product plant
Sunday, 06 Feb 2011
It is reported that Tajik open joint stock company Faroz and the Chinese company Yu Liang Fu have started the construction of a new USD 21 million plant with an annual capacity of 200,000 tonnes of structural steel products, which will be the country's first plant of this type
Accordingly, Yu Liang Fu intends to invest USD 8.4 million in the construction of the plant mainly in the form of equipment and is to receive 45% of the plant total profit following its commissioning. The rest of the funds ie USD 12.6 million will be invested by Faroz.
At the first phase, the new plant will have a capacity of about 200,000 tonnes of structural steel products per year which is planned to be increased to up to 400,000 tonnes in the future. The plant's products will be delivered to the domestic market as well as exported particularly to Afghanistan.
According to the ministry, initially the plant will use scrap as raw material, later to be replaced by iron ore from the deposit located in Tajikistan's Varzob district.(sourced:steelorbis.com)
It is reported that Tajik open joint stock company Faroz and the Chinese company Yu Liang Fu have started the construction of a new USD 21 million plant with an annual capacity of 200,000 tonnes of structural steel products, which will be the country's first plant of this type
Accordingly, Yu Liang Fu intends to invest USD 8.4 million in the construction of the plant mainly in the form of equipment and is to receive 45% of the plant total profit following its commissioning. The rest of the funds ie USD 12.6 million will be invested by Faroz.
At the first phase, the new plant will have a capacity of about 200,000 tonnes of structural steel products per year which is planned to be increased to up to 400,000 tonnes in the future. The plant's products will be delivered to the domestic market as well as exported particularly to Afghanistan.
According to the ministry, initially the plant will use scrap as raw material, later to be replaced by iron ore from the deposit located in Tajikistan's Varzob district.(sourced:steelorbis.com)
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