Yankuang Group Co., Ltd.
Yankuang Group seeks the proverbial diamond in its coal-mining operations. Established in 1996, Yankuang Group operates primarily through majority-owned subsidiary Yanzhou Coal Mining. That company operates a half dozen coal mines in Eastern China, producing about 35 million tons annually. It bought the Australian miner Felix Resources in 2009 for about $2.7 billion. Yankuang was restructured from the former Yanzhou Mining Bureau -- founded in 1976 -- and was tapped by the State Council as the first mining enterprise to enter China's modern enterprise system. In 1999 Yanzhou Coal Mining began to trade publicly.
News
Bauxite Resources Limited (ASX:BAU) advises that completion of the sale of BRL's interest in the Bauxite Alumina Joint Ventures ('BAJV'), and the Buy-back of all of Yankuang's shares in BRL, occurred this morning following BRL Shareholder approval of the transaction at the EGM held on 18th January 2016.
Bauxite Resources Limited (ASX:BAU) ("BRL" or "the Company") is pleased to announce a resource upgrade for the Felicitas bauxite deposit in the Darling Range Western Australia.
The 2nd World Clean Coal Week, China Focus 2011 (WCCW 2011) and 2nd Unconventional Gas Asia Summit were held successfully December 6-8, 2011 at the Regent in Beijing, China.
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