The coal-rich province of Shanxi in central China has held the country’s first tender of CBM exploration licences, according to the China Securities Journal.
The Shanxi arm of the Ministry of Land and Resources tendered rights for 10 CBM blocks spanning 204,300 hectares and containing an estimated 430 billion cubic metres of CBM resources.
Shanxi Guoxin Energy Development Group, Shanxi Meijin Energy and five other companies won the rights to the blocks.
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