China Shenhua Energy Co (HK:1088) has released an update.
China Shenhua Energy Co. has announced that its subsidiary, Shenhua Xinjie Energy Co., Ltd., received official approval for two major coal mine projects in Inner Mongolia, each with a production capacity of 8 million tonnes per year. The projects’ total investments are substantial, amounting to over RMB 13 billion for each mine, excluding mining rights fees. Investors are cautioned to be aware of the investment risks as the company proceeds with pre-construction work following regulatory guidelines.
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