China Still Hunting For Coal
Posted by Big Gav in china, coal, linc energy
The Business Spectator has an article on a Chinese acquisition of Australian coal reserves including some notes about Chinese coal seam gas - Linc Energy seals deal.
Linc Energy’s sale of its Emerald coal tenements in Queensland has progressed another step.
The $1.5 billion sale of the Bowen Basin exploration permits to Xinwen Mining Group have been given the go-ahead by Chinese regulators in a deal that has been in negotiation since September last year. ...
Located in China's Shandong province, Xinwen is partnering with Linc to develop underground coal gasification and gas-to-liquids projects in China as well. Xinwen is also spearheading China’s opening of Xinjiang as a source of coal.
Xinjiang, the Muslim-majority region that borders several Central Asian countries in China's extreme west, is believed to host 40 per cent of China's coal reserves and, naturally, a massive untapped resource of coal seam gas that local media believes could become an important fuel source for the country.
The risk for Xinmen – and China – however is Xinjiang's separatist movement, calling for an independent East Turkestan republic. The movement has been blamed for the shooting of a Chinese soldier outside a military garrison on Friday.
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