BIZCHINA / Overseas Investment |
Mining interest in China(China Daily)Updated: 2006-11-20 09:02 Anglo American Plc, the world's second biggest mining company, said recently it may spend billions of dollars to develop a coal project in China to feed demand for raw materials in the world's fastest-growing major economy. The company is conducting an initial study for the project in Northwest China's Shaanxi Province. Anglo could make an initial investment of several hundred million dollars to officially launch the project. China, the world's second biggest consumer of coal after the United States, uses thermal coal to generate two-thirds of the country's electricity. (For more biz stories, please visit Industry Updates) |
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