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Mining Equipmentworld trade 2024+3.1% 5Y CAGR

May 14, 2018CONTRACTChina

Agritrade Mine Holdings buys longwall system for Merge coal mine

Agritrade Mine Holdings Limited, a wholly owned subsidiary of Hong Bao Resources, signed a contract worth RMB 139.4 million to purchase a complete longwall system for its Merge coal mine, expected to increase annual capacity by about 2.5 million tonnes.

Value

$21.8M (139.4M CNY)

Status

Announced

Capacity

annual capacity increase of ~2.5 million tonnes to ~3.5 million tonnes

Productslongwall system

CompaniesHong Bao Resources Agritrade Mine Holdings Limited

Sectors#Mining Equipment

“该收购之后，Merge煤矿将拥有两套长壁系统运作。”beta.zhitongcaijing.com

1 source
beta.zhitongcaijing.com鸿宝资源(01131)斥1.394亿元购入一整套煤矿长壁系统May 14, 2018

Summarized from public sources; check the original articles before acting on it.

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