Summary by Moomoo AI
China Shenhua Energy Co., Ltd. (“China Shenhua”) announced on 4 February 2024 that the new street well and new street two well mining licenses have been approved under the banner of Shenhua New Street Energy Co., Ltd., in the New Street Taige Mine in Ordos City, Ordos Autonomous Region, Inner Mongolia. The production scale of the two mines is 800 million tonnes per annum, the area of the new mine is 70.28 square kilometres and the new mine is 67.12 square kilometres. Both are valid for 30 years, from 1 February 2024 to 1 February 2054. Currently, the company is conducting survey procedures such as license cancellation, and will prepare for work before opening such as project approval and preliminary design. The Company will continue to disclose relevant progress as required by securities regulatory rules.