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SINGAPORE, April 28 (Reuters) - A unit of Chinese
refiner Sinopec has won mining rights to develop a
coal mine in the Inner Mongolia region of the country for 30.15
billion yuan ($4.36 billion), a company representative said on
Friday.
The mine will be developed by Sinopec Greatwall Energy and
Chemical Co Ltd for production of coal chemicals, the official
said, who sought anonymity because of sensitivity about speaking
with media.
The mine located in Uxin Banner under Ordos city in the
northwestern province has a planned production capacity of 10
million tonnes of coal a year, according to a report by official
news agency Xinhua last month.
It will supply coal to Sinopec Great Wall's 800,000-tonne
per year coal-to-olefins project, it added.
The first coal chemicals mine in the coal-rich region will
support the upgrading of the traditional coal industry and
extend the value chain, added Xinhua.
($1 = 6.9154 Chinese yuan renminbi)
(Reporting by Aizhu Chen in Singapore and Qin Ningwei in
Beijing; Editing by Muralikumar Anantharaman and Rashmi Aich)
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