China Business News: Shenhua Group, Shanxi Yanchang Petroleum set up coal JV

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Shenhua Group, Shanxi Yanchang Petroleum set up coal JV

Nov. 5, 2009 (China Knowledge) - Shenhua Group Corp Ltd, the largest coal producer in China, on Tuesday set up a RMB 4.8-billion coal joint venture with Shaanxi Yanchang Petroleum Group Co Ltd. Shenhua Group, the parent of China Shenhua Energy Co Ltd<601088><1088>, will hold a 51% stake in the new JV, which will be called Shaanxi Shenyan Coal Ltd, while Shaanxi Yanchang Petroleum, a s

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