13
Jul
07:46
Shandong Energy merges with Yankuang Group
Yankuang Group listed subsidiary Yanzhou Coal Industry says its parent company is planning to merge with Shandong Energy Group. Both Shandong Energy Group and Yankuang Group are actually controlled by the Shandong State-owned Assets Supervision and Administration Commission, Kallanish notes.
This decision is also considered by market sources as an in-depth advancement of Shandong's coal industry upgrade. In 2011, six local coal mining enterprises in Shandong w…
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Very good overview of the weekly steel market.
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