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)
