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China seeks to build new rail line for Mongolian coal |
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Thursday, 31 July 2008 |
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Inner Mongolia’s Mengdian
Huaneng Thermal Power Corporation is planning to build a rail line to
haul coal from the Mongolian border with China.
The power company, a unit of
China Huaneng Group, the country's top power producer, said the rail
line will run from Baiyunebo, or Bayan Obo, to Mandula, a port of entry
on the China-Mongolia border.
This information was released
in a company filing with the Shanghai Stock Exchange.
The 83-kilometer rail line
is expected to cost 1.3 billion yuan (US $190.4 million) to construct.
Further, it may take up to 18 months to build.
The rail line will be used
to bring Mongolian coal and other raw materials for use in Baotou Iron
& Steel, China's No. 13 steel maker, the company said.
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