SDIC is building a 30 mln-ton coal base in Kumul

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 May 2009

The State Development and Investment Corp (SDIC), one of the largest state-owned investment enterprises, is constructing a coal production base in Kumul, Xinjiang Uygur Autonomous Region, sources reported The coal production base will have an annual output of 30 million tons and is the third phase of SDIC's development plan in the Kumul - Lop Nur area of Xinjiang.
In the first phase of the RMB 16.8 billion development plan, SDIC built a potassium ore project. The second phase was to cooperate with China's Ministry of Railways to build a railway in the area.
In order to facilitate its investments in Xinjiang, SDIC opened an energy development subsidiary in Kumul over the weekend.
In 2004, SDIC signed a framework cooperation agreement with the local government in Xinjiang. By the end of 2008, the company had completed investments totaling more than RMB 3.4 billion in the region.

Source: China Knowledge