Jun. 5, 2008 (China Knowledge) - China Shenhua Group Corporation Ltd, a major energy producer and supplier in China, had signed a framework agreement with the local government of Ordos City, to jointly develop a hundred-million-ton coalfield in Ordos, Inner Mongolia Autonomous Region, as reported.
The development of this coal field would be the biggest industrial project in Ordos City in recent years, and would benefit both Shenhua and the city in many ways.
The two sides would jointly send an application to related government authorities for the co-development of the coal field and to build a coal production base there. In addition, they will launch electricity, railway, coal chemical projects, etc to form an integrated economic chain to boost the city's economy at the largest extent and in return promote Shenhua's profitability.