CAPITAL MARKETS

New Baosteel, Yongcheng colliery ramps up

A NEW coal mine in China’s Henan province has ramped up production after more than three years of construction.

Angie Tomlinson
New Baosteel, Yongcheng colliery ramps up

The Chengjiao colliery was approved in December 1999 and began trial operations in May this year. Investors Yongcheng Coal and Power Group and the Baosteel Group jointly pumped US$169.14 million into the...

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