# 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.

- Type: Contract
- Announced: 2018-05-14
- Where: China
- Value: $21.8M (139.4M CNY)
- Status: announced
- Capacity: annual capacity increase of ~2.5 million tonnes to ~3.5 million tonnes
- Products: longwall system
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Hong Bao Resources](https://endata.com/companies/31849.md)
- [Agritrade Mine Holdings Limited](https://endata.com/companies/31850.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/125386.html), 2018-05-14: "该收购之后，Merge煤矿将拥有两套长壁系统运作。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.