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MarketWatch reported that American coal companies are looking to Chinese partners to develop US coal resources.
MarketWatch reported that American coal companies are looking to Chinese partners to develop US coal resources.
As quoted in the market news:
The preferred partners include China’s state-owned energy majors such as Shenhua Group and China National Coal Group. On May 7, Guizhou Guochuang Energy Holding Group said it had raised 3.9 billion yuan ($616 million) in a private placement to be used mainly to acquire and develop Triple H Coal Company, making it the first Chinese company to invest in coal in America.
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