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Shanxi Coking Coal Energy to Establish Coal Mine Operating Subsidiary

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Shanxi Coking Coal Energy (SHE:000983) will establish a new, 3-billion-yuan mining subsidiary after it won exploration rights for a coal and associated bauxite mine in 2024, according to a Friday filing with the Shenzhen bourse.

The subsidiary, to be called Shanxi Coking Coal Group Xingxian Xing New Energy Technology, will be wholly-owned by the listed company and will develop the Xingxian coal mine and supporting projects.

The company will cover mine development, design, and construction, as well as coal mining and deep processing, coal sales and trading, and bauxite, aluminum, and gallium extraction, among others.

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