China in addition to the purchase of the coal business in Australia, aims to get the appropriate transport infrastructure for the supply of its raw material in many corners of the world, reports Bloomberg.
Acquisition of Australian Yancoal Australia Ltd. (which is a part of Chinese coal-mining giant Yanzhou Coal Mining Company), a controlling stake in the Australian-British multinational mining and smelting concern Rio Tinto Group for 2.45 billion dollars will double the energy supply of the Chinese company.
In addition, as the result of these financial operations will be transition into the possession of China’s 36.5% stake in Port Waratah Coal Services Ltd., which has two coal terminals at the port Nyukasl – the main arteries of transportation of coal.
Thus, the annual tonnage of coal production will increase to 34 million tons, and bring Yancoal in first place in the list of coal mining companies in Australia.
Also read: China and Korea are investing in Ukraine?
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Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]
During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]
The agreement on a single corporate tax rate of at least 15 percent was signed by 136 states, which account for more than 90 percent of world GDP. The agreement is aimed at combating tax evasion by international corporations. The initiative was also signed by countries that were initially opposed to tax reform, such as […]
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