China Shenhua Energy Co (HK:1088) has released an update.
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China Shenhua Energy Co. has received approval for its ambitious Dongsheng East to Taigemiao Railway project in Inner Mongolia, which spans over 97 kilometers and will serve as a crucial coal transportation route. The project, valued at approximately RMB 11.347 billion, will be funded through a combination of self-owned capital and bank loans, with construction expected to last 3.5 years. Investors should stay informed of the project’s progress and associated investment risks.
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