The funds will be used to build a coal processing plant with capacity to produce coke and methanol, WMRC reported.
Yankuang is one of China’s largest coal and construction companies. It owns eight large underground coal mines and produced 40 million tonnes of coal in 2001.
Yankuang’s ties to Australian researchers began in 1999 when CSIRO investigated Yankuang’s Longwall Top Coal Caving technology.
Since then CSIRO and Yankuang have built a solid relationship, one of the latest collaborative research project agreement being signed in 2002 to look into detection and control of spontaneous combustion.
