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Chinese company Pingmei Shenma Holding Group Co will develop the Shurob coal deposit in Tajikistan

On 21 May, there was a meeting between Tajikistan's Minister of Economic Development and Trade Zavki Amin and a delegation from China's Pingmei Shenma Holding Group led by Chairman Li Mao.

Chinese company Pingmei Shenma Holding Group Co will develop the Shurob coal deposit in Tajikistan

After the meeting, it was announced that Chinese state-owned China Pingmei Shenma Holding Group Co. intends to implement coal mining and processing initiatives at the Shurob coalfield.

The high-level meeting underscored the commitment of both nations to deepen their strategic economic cooperation, a goal championed by Tajikistan's President Emomali Rahmon and China's Chairman Xi Jinping. Minister Zavkizoda emphasized the significant opportunities for foreign investment in Tajikistan, particularly in free economic zones that offer favorable tax incentives and streamlined administrative procedures.

During the discussions, Minister Zavkizoda highlighted investment prospects in key sectors such as coal and gas mining, solar panel production, metallurgy, thermal power plants, textiles, and pharmaceuticals. He encouraged China Pingmei Shenma Holding Group to explore these opportunities, emphasizing the country's conducive environment for industrial enterprise development.

The meeting also discussed ongoing co-operation projects, including the construction of solar power plants by China Pingmei Shenma Holding Group in Pyanj and Dangara free economic zones. The company has also launched a $60 million project to mine and process coal at Shurob, with an annual production capacity of 1 million tonnes to be processed into chemical products.

A key outcome of the meeting was the signing of an agreement between Talant LLC and China Pingmei Shenma Holding Group, focusing on investment cooperation for mining activities at the Shurob coal deposit.

China Pingmei Shenma Holding Group Co. is a leading player in China's coal and chemical industries, known for its sustainable practices and advanced technologies. The corporation's expertise in thermal and coking coal extraction and chemical production.

 

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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