27 May 2019

Shenhua wins exploration rights at Russia coal mine, paper says

China Shenhua Energy Co. Ltd. (01088.HK, 601088.CN) said on Thursday that it has secured coal resource use rights at the Zashulanskoye mining area in Russia’s Trans-Baikal region, the Securities Times reported. The deal was won through Razrez Ugol LLC., a 50-50 joint venture with Russia’s Vostsbiugol. The mining area, spread over 74.39 square kilometers, has estimated coal reserve of 250 million tons. The site is expected to churn out 6 million tons of coal per year, the report said.

– Contact HKEJ at [email protected]



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