Daning mine gets green light
By Wan Zhihong | China Daily | Updated: 2007-08-09 07:23
A joint venture between two local energy companies and a US firm has been cleared to develop a coal mine in North China's Shanxi Province.
The provincial authority licensed the joint venture, Shanxi Asian American-Daning Energy Co (SAADEC), to develop the Daning coal mine in Jincheng.
SAADEC is 56 percent-owned by Asian American Coal, which comprises US energy firms and financial institutions including First Reserve, Evan Energy Co and Thai coal company Banpu.
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