https://freerepublic.com/tag/coaltooil/ en-us Tue, 25 Apr 2006 15:06:16 GMT Focus Forum 15 https://freerepublic.com/focus/f-news/1621160/posts Yanzhou Coal Mining, the mainland's second-largest listed coal miner, said its parent company Yankuang Group has received approval from the government to develop a 5-million-ton coal-to-oil project. The first phase of the project in Northwest China's Shaanxi Province is estimated to cost 10 billion yuan (US$1.25 billion). Its capacity will reach 1 million tons of oil products a year, Chief Financial Officer Wu Yuxiang told reporters in Hong Kong yesterday. "Total production capacity of the project will amount to 5 million tons annually," he said, without giving a timetable. Yankung Group will mainly participate in the preliminary stage of the... China Daily https://freerepublic.com/focus/f-news/1621160/posts#comment Tue, 25 Apr 2006 15:06:16 GMT