> Investing in Coal-To-Oil Project:
> In February, the Chinese government approved
> the one million ton coal-to-oil (CTO) project of
> Yankuang Group, parent company of Yanzhou
> Coal Mining Co., Ltd. This is the first indirect
> coal liquefaction demo project with independent
> intellectual property in China. The plant will be
> located in Yulin, Shaanxi province and the
> Yankuang Group plans to invest RMB13.45
> billion. The plant will be an environment-friendly
> project with RMB650 million, or 4.81 percent of
> the total costs earmarked to make it conform to
> green standards. The CTO project is expected to
> achieve an annual indirect coal liquefaction
> production capacity of 1 million tons, including
> 780,800 tons of diesel, 258,400 tons of naphtha,
> 56,480 tons of LPG, and other secondary
> products such as sulfur, nitrate, liquid argon, and
> gypsum. The scheme will be a significant step in
> developing alternative energy sources and
> achieving a sustainable supply of oil and gas for
> China.

> Technology Fuels Growth:
> Yanzhou Coal Mining Co’s raw coal output has
> increased over the years, thanks to technology.
> The firm extensively uses the “top coal caving
> method”, a coal seam mining technology which
> allows thick coal seam ranging from 8-12 meters
> to be excavated in a single stretch until all
> retrievable coal is collected and waste rocks
> appears. Further, the method is cost effective as
> it does not require expensive steel nets for the
> mine roof. Moreover, the top coal caving mining
> method increases productivity at its mines to
> 17.87 tons per mine worker, which is 4.39 times
> more than the average level of mine efficiency in
> any major state-owned coal mine. The technology
> has improved mine safety also. The company’s
> mortality rate per million tons is at the same
> levels seen in the U.S. mines.

> > --I copied this from Best Independent Research--

> > Investing in Coal-To-Oil Project:
> > In February, the Chinese government approved
> > the one million ton coal-to-oil (CTO) project of
> > Yankuang Group, parent company of Yanzhou
> > Coal Mining Co., Ltd. This is the first indirect
> > coal liquefaction demo project with independent
> > intellectual property in China. The plant will be
> > located in Yulin, Shaanxi province and the
> > Yankuang Group plans to invest RMB13.45
> > billion. The plant will be an environment-friendly
> > project with RMB650 million, or 4.81 percent of
> > the total costs earmarked to make it conform to
> > green standards. The CTO project is expected to
> > achieve an annual indirect coal liquefaction
> > production capacity of 1 million tons, including
> > 780,800 tons of diesel, 258,400 tons of naphtha,
> > 56,480 tons of LPG, and other secondary
> > products such as sulfur, nitrate, liquid argon, and
> > gypsum. The scheme will be a significant step in
> > developing alternative energy sources and
> > achieving a sustainable supply of oil and gas for
> > China.

> > Technology Fuels Growth:
> > Yanzhou Coal Mining Co’s raw coal output has
> > increased over the years, thanks to technology.
> > The firm extensively uses the “top coal caving
> > method”, a coal seam mining technology which
> > allows thick coal seam ranging from 8-12 meters
> > to be excavated in a single stretch until all
> > retrievable coal is collected and waste rocks
> > appears. Further, the method is cost effective as
> > it does not require expensive steel nets for the
> > mine roof. Moreover, the top coal caving mining
> > method increases productivity at its mines to
> > 17.87 tons per mine worker, which is 4.39 times
> > more than the average level of mine efficiency in
> > any major state-owned coal mine. The technology
> > has improved mine safety also. The company’s
> > mortality rate per million tons is at the same
> > levels seen in the U.S. mines.- Hide quoted text -

> - Show quoted text -