Investment holding company Kiu Hung International Holdings Limited has announced its acquisition of the Tongliao City Heng Yuan Mining Company Limited – which owns the mining rights, operation facilities and properties of the Huanghuashan Coal Mine – and the exploration rights of the Bayanhushuo Coalfield, for a total of HK$840M.
Joseph Hui, chairman of Kiu Hung International, said, “By acquiring these two additional coal mines, we will become the largest Hong Kong-listed non-state owned coal mining company in the PRC in terms of proven coal reserves with exponential growth potential.”...
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This complete item is approximately 250 words in length, and appeared in the September/October 2007 issue of CoalTrans International, on page 13.
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