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Yanzhou seeks funds

YANZHOU Mining Group will issue one billion yuan of corporate debentures mid-December to raise money to develop new projects.

Angie Tomlinson
Yanzhou seeks funds

Planned projects include a 200,000 ton acetic acid project, a new type of two million tons coal gasification furnace project and a two million ton coke and supporting 200, 000 tons methanol project, Xinhua News Agency reported.

It is the first time for the group to issue corporate debentures since 1999 when the Chinese government banned the practice.

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