JV to build specialised coal terminal at Caofeidian Port

The jv will focus on the investment and construction of two 50,000,000-tonnes per annum specialised coal terminals at Caofeidian Port, with total designed annual handling capacity of 100m tonnes.

The total registered capital of the jv will be RMB3bn. Qinhuangdao Port, Datong Coal Mine Group and Caofeidian Port Group will contribute RMB1.77bn, RMB1.2bn and RMB30m separately, representing 59%, 40% and 1%.

The terminals will have 10 specialised coal berths, including one 50,000-tonne berth, two 70,000-tonne berths and two 100,000-tonne berths for phase six and phase seven respectively.

The planned terminal project is located at the eastern coastline of Caofeidian Port, Hebei province.