BIZCHINA / Overseas Investment
Mining giant to invest in Shaanxi
(Shanghai Daily)
Updated: 2006-11-16 15:01
Anglo American PLC, the world's second-biggest mining company, may invest
as much as US$4 billion in a coal project in China's Shaanxi Province,
according to Chairman Mark Moody-Stuart.
The company has partnered the Shaanxi Coalfield and Geological Bureau to
develop the Xiwan clean coal chemicals project in the northwestern
province, Moody-Stuart said. "Investment could involve some US$4 billion,
although our current capital investment is only US$300 million,"
Moody-Stuart today the China 2006 Mining conference in Beijing yesterday.
(For more biz stories, please visit Industry Updates)
Related Stories
� No more "free launch" for coal mine developers
===========================================================================
� Western China tries to balance environment and development
===========================================================================
� Energy output in Shaanxi reports rapid growth
===========================================================================
Chinese language
No comments:
Post a Comment