Agritrade Resources has also acquired a coal mine located in Shannxi Province of China, An Li Mine and Shi Jia Po Mine. They are two neighbouring mines located in the Chengcheng county.

Based on the latest technical assessment by a leading mining consulting firm, the aggregate coal resources and reserves of the China Mine are estimated at approximately 19.6 million tonnes and 9.1 million tonnes respectively.

The coal quality for China Mine is low volatile bituminous coal with low inherent moisture, medium-ash and high-sulphur content with gross calorific value of approximately 5,400kcal/kg on air –dried basis.

We believe the China Mine marks its first foray into the promising China market which can effectively diversify our mining business to a new geographical location.