CHINA's second largest coal producer, China Coal Energy, has received approval to raise funds on ...
According to Shanghai Daily, China Coal got the go-ahead from the China Securities Regulatory Commission to sell 1.53 billion yuan A shares (11.5% of its total shares).
China Coal Energy will use proceeds of the sale to expand mines and build chemical projects.
The producer said earlier this month it would spend $US2.9 billion on two coal mines and chemical projects in the Inner Mongolia Autonomous Region and Heilongjiang Province, Shanghai Daily reported.
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