RE: Buy & sell call23 Sep 2018 20:56
I'm convinced that the Chang Tan West sale in question fell through in June. But it doesn't mean that it won't sell to someone else nor does it mean it has no value. There will be other potential buyers. HERE'S MY EVIDENCE...Celadon also owns Chang Tan West which has total reserves and resources of approximately 1.05 billion tonnes thermal coal in Ordos, Inner Mongolia Province, northwest China."
KEY WORDS/PHRASES: ORDOS
"After an active sales process during the second half of the year, Celadon entered into a Letter of Intent for the sale of Chang Tan West in November 2015 with a large Chinese state-owned enterprise. The prospective buyer is developing a coal-to-natural-gas project as a downstream project for coal produced at Chang Tan West. In May 2016, we were informed that the proposed Buyer’s coal-to-gas conversion project was included in China’s Thirteenth Five Year Plan; final approvals from relevant central authorities are pending. Once the project receives these approvals we expect negotiations in respect of the Chang Tan West deposit to continue."
KEY WORDS/PHRASES: 1) Letter of intent signed November 2015 2) large Chinese state-owned 3) enterprise 4) coal-to-natural-gas projecr 5) final approvals from relevant central authorities are pending
"http://westdollar.com/sbdm/finance/news/1354,20180612886633224.html
CNOOC Ordos Coal Gas Project Abortion _ Dongfang Fortune Net
After more than three years of establishment,CNOOC(00883)OrdosEnergy and Chemical Co., Ltd. (hereinafter referred to as Ordos Energy Chemicals) was eventually dissolved.
In early June, CNOOC issued an internal notice to revoke its Ordos Energy Chemical Company, and the company’s general manager and other three people were also exempted from their duties. An insider of CNOOC confirmed the above news, claiming that Ordos Energy Chemical Company has indeed been withdrawn. The national enterprise credit information publicity system also shows that the registration status of Ordos Energy Chemical Company has been “deregistered”. The company's registration time is February 2015, and it is located in the New District of Zhungeer Dalu Road, Erdos City, Inner Mongolia. Its main business scope covers the investment and construction of energy and chemical projects and supporting infrastructure, and the development and utilization of clean coal technologies. The above-mentioned sources stated that the main reason for the company's cancellation was that the CNOOC Ordos coal gas project had not passed the EIA approval. “Economic problems are another major reason for revocation.” The current coal price level has made the project economically unaffordable.
KEY WORDS/PHRASES: CNOOC (China National Offshore Oil Corporation- large Chinese State owned company) 2) Ordos 3) coal gas project 4) had not passed the EIA approval 5) The national ENTERPRISE credit information publicity system also shows that the registration status of Ordos Energy Chemical Company has bee
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