RE: RE: RE: RE: RE: RE: RE: RE: China mine closure I'm more than comfortable going to IM, to say the least. Jingcai Yang was chairman and CEO of Shengdon, the backbone of Shenhua, after he was the chief mining engineer for Shenhua. Shenhua is simply the largest coal producing company in the world. Shenhua is a state owned enterprise. I have no doubts this man is seriously connected to the powers that be.
Shendong mining area, based in northern autonomous region of Inner Mongolia, has the world’s largest 10-million-tonne level coal mines cluster. In 2011 it had 17 mines with a total production capacity of 200 million tonnes including three with 20 million-tonne levels. Also, as bar stated, long wall mining is performed in this area, and we have Dr. Peng to cooberate here.
I simply have no qualms whatsoever going into Shaanxi and IM with Jingcai Yang. As the company stated a while back with Mr. Yang's recommendation to obtain more mines in Guizhou closer to the end of the consolidation Guizhou (for which the Guizhou plan is to have no more than 200 operators by the end of 2013) when the mines will be sold for the best prices.
The strategy is sound in my mind. Now, let me get back to the Pointer Sisters as I was before I was so rudely interupted (just kidding :))