Name of Chinese partner:Lingwu mineral bureau
Project description: The project is to construct Yangchangwan Coal Mine

Project background: Lingwu mineral bureau, set up in 1995 with a registered capital of 32.65 million yuan (US$3.93 million), is engaged in coal, activated carbon, coal machine, licorice root and ephedrine production.

Total investment: 1.11 billion yuan

Economic benefits forecast:

Construction period: 4 years

Payoff period: 9 years

Annual income: 528.98 million yuan

Investment profit rate: 15.64 percent

IIR: 15.77 percent

Pattern of cooperation: joint venture, or contractual joint venture

Person to contact: Hui Fuji

Tel: +86-951-6960551

Fax: 86-951-6960359

Address: Lijiaxinzhuang, ciyaopu town, Lingwu city, Ningxia Hui Autonomous Region

Post code: 751411