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Reuters reported that Huaibei Coal Group will raise funds for its new projects through an IPO.
Reuters reported that Huaibei Coal Group will raise funds for its new projects through an IPO.
The market news is quoted as saying:
China’s thermal coal prices have been climbing steadily during the past months as power plants boost run rates to cope with peak summer demand, but there’s concern that demand may be hurt by economic slowdown.
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