BIZCHINA / Overseas Investment |
Mining giant to invest in Shaanxi(Shanghai Daily)Updated: 2006-11-16 15:01 Anglo American PLC, the world's second-biggest mining company, may invest as much as US$4 billion in a coal project in China's Shaanxi Province, according to Chairman Mark Moody-Stuart. The company has partnered the Shaanxi Coalfield and Geological Bureau to
develop the Xiwan clean coal chemicals project in the northwestern province,
Moody-Stuart said. "Investment could involve some US$4 billion, although our
current capital investment is only US$300 million," Moody-Stuart today the China
2006 Mining conference in Beijing yesterday. (For more biz stories, please visit Industry Updates)
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