Huadian International invested 268 million to acquire 20% stake in Mount-Harbin coal mine

NetEase Financial August 10 News Huadian International Evening announcement, recently, the company to purchase 267.97 million Yuan Thai company's 20% stake, and has completed delivery and related changes in the industry and commerce.　　This transaction does not constitute a related transaction of the company and does not constitute a significant transaction. Chint Corporation holds the prospecting right of the coal mine in accordance with law. According to the National Development and Reform Commission approved the mining area planning, Mount Hatu coal resources total 216.11 million tons, recoverable reserves of 158.42 million tons, minefield planning capacity of 1.2 million tons/year.　　The coal mine is eligible for expansion to 2.4 million tonnes/year and the plan will be put into production by the end of 2011. 2009 Huadian International completed the acquisition of 35% stake in Fuk City Mining and the Great Wall coal mine 25%, Fuk City Mining and the Great Wall Mine has now reached production.　　This acquisition is following the acquisition, the company's strategy into the Shanghai Temple Mining area of further mining assets acquisition. Mount Kazakhstan Map Coal quality, convenient transportation, from the company's investment in Ningxia regional power plant is relatively near, can provide a stable high-quality coal source, but also conducive to the company to obtain more coal resources and greater development space. At the same time, the acquisition of Chint Company's equity can also achieve stable economic benefits, for the extension of the upstream industry chain, the development of coal industry new profit growth has a positive significance.