Asian American Coal receives licenses to mine in China

摘要

Asian American Coal (AAC) received its business and mining licenses from the Chinese government develop and operate a coal mine in China's Shanxi province. "Asian American Coal and its Chinese partners have invested a great amount of time and money in securing the rights to mine coal at Daning," said Gary F. Ladd, AAC's president. And this was the first coal mining license to be issued to a foreign-invested company in China, he added. AAC's joint-venture company is Shanxi Asian American-Daning Energy (SAADE). It will develop the 170-Mt (187-million st) Daning coal mine. SAADE will mine a 4.5-m- (15-ft-) thick, premium-grade, low sulfur coal reserve.