Chinese coal miner pays 186 mln dlrs for Australia exploration licence
Mining coal in Australia is big business.
by Staff Writers Shanghai (AFP) Nov 21, 2008 China Shenhua Energy, the country's largest coal miner, said Friday it had paid 299.9 million Australia dollars (185.7 million US dollars) for a coal exploration licence in Australia.
The 190-square-kilometre project, located in New South Wales state, is estimated to contain more than one billion tonnes of coal, the company said in a statement with the Shanghai Stock Exchange.
If granted a mining licence, Shenhua will have to pay an additional 200 million Australia dollars to the state government, according to the statement.
32 workers rescued from flooded mine: state media Beijing (AFP) Nov 18, 2008 Thirty-two workers were rescued from a flooded coal mine in China on Tuesday after being trapped for nearly a day, while the boss was being probed for running an illegal operation, state media reported.
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Beijing (AFP) Nov 18, 2008
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