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Shanxi Coking Coal wins exploration right for coal and bauxite deposit

On October 23, Shanxi Coking Coal Energy Group Co., Ltd. won the auction of an exploration right of a coal and associated bauxite deposit in Xingxian, Lvliang, Shanxi for nearly RMB24.71 billion (USD3.47 billion).

The exploration right covers an area of more than 50 square kilometers, with coal reserves of 952.78 million tonnes, bauxite reserves of 55.61 million tonnes, and gallium ore reserves of 3,431.28 tonnes.