| AACI Planned to Invest a Third Coal Mine Project in Shanxi, China |
| Thursday,April 19,2007 Posted: 06:47 BJT(2247 GMT) Commercial Information Department of the MOFCOM Research Academy |
Ichael Cosgrove, CEO of American Coal Operator Asian American Coal Inc. (AACI), revealed on April 17 that they were under negotiation of the investment in a coal mine project in Shanxi Province, which would be the third Shanxi coal mine project since AACI entered in China. Ichael Cosgrove addressed in the China International Coal Conference that since the company entered China they had totally invested USD180m, mainly in Daning Coal Mine and Gaohe Coal Mine in Shanxi Province with equity ratio of 56% and 45% respectively. |
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