King Stone Energy Acquires Coal Mine in Southern Mongolia

King Stone Energy (HKG:0663) announced it has entered into an agreement for the purchase of Inner Mongolia Liaoyuan Coal Mining Company Limited.

The press release is quoted as saying:

Liaoyuan Coal Mining is the owner of a thermal coal mine in Inner Mongolia which is located approximately 46 km away from the Company’s Hengtai Coal Mine and adjacent to the new mine which Hengtai is currently in application of its mining rights.

To read the full press release, click here.