Shenhua to own most of Mongolia coal project block

Updated: 2011-07-05 14:36


Twitter Facebook Myspace Yahoo! Linkedin Mixx

A group led by China Shenhua Energy Co Ltd will own a 40 percent stake in the western Tsankhi block of Mongolia's Tavan Tolgoi coal project, two sources with direct knowledge of the deal told Reuters on Tuesday.

Related readings:
Shenhua to own most of Mongolia coal project block China to build energy industry 'golden triangle'
Shenhua to own most of Mongolia coal project block Three market-oriented ways to energy saving

A Russian-led consortium would control another 36 percent of the project, while US miner Peabody Energy Corp would own the remaining 24 percent, according to a draft proposal to be submitted to the Mongolian parliament on Wednesday, the two Mongolian government sources said.


90th anniversary of the CPC

The Party has been leading the country and people to prosperity.

My China story

Foreign readers are invited to share your China stories.

Green makeover

Cleanup of Xi'an wasteland pays off for ancient city

Mom’s the word
Big win