Shanxi Coal Receives Licence from Government

16 March 2011 (Last Updated March 16th, 2011 18:30)

Puda Coal's subsidiary Shanxi Puda Coal Group has received a transitional business licence from the Shanxi Provincial Government of China for the operation of Shanxi Pinglu Dajinhe Coal (Dajinhe Coal). During the ongoing construction, the firm expects to produce about 150,000 to 290,00

Puda Coal's subsidiary Shanxi Puda Coal Group has received a transitional business licence from the Shanxi Provincial Government of China for the operation of Shanxi Pinglu Dajinhe Coal (Dajinhe Coal).

During the ongoing construction, the firm expects to produce about 150,000 to 290,000 million tons of thermal coal.

With the transitional business licence, the firm will have right to sell the thermal coal produced during construction and expansion to its customers at prevailing market prices.

The firm is in the process of connecting the newly constructed main mining shaft for coal production with the existing mining shaft for workers and equipment.