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Puda Coal Completes Acquisition of Remaining Coal Mines Under Pinglu Project
Feb. 28, 2011 07:12AM PST
Industrial MetalsPuda Coal (AMEX:PUDA) announced that its subsidiary has completed the acquisition of coal mines as part of its Pinglu Project.
Puda Coal (AMEX:PUDA) announced that its subsidiary has completed the acquisition of coal mines as part of its Pinglu Project.
The press release is quoted as saying:
Shanxi Coal placed all the purchased assets of Anrui Coal, Chuntouao Coal and Xiapingcun Coal into Shanxi Pinglu Dajinhe Anrui Coal Industry Co., Ltd.(“Dajinhe Anrui”), a newly established project company. Provincial government has approved the PRC-standard geological technical report of coal reserves of Dajinhe Anrui.
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