China Baoli Technologies Holdings Ltd. (HK:0164) has released an update.
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China Baoli Technologies Holdings Ltd. has entered into a strategic cooperation agreement with Van Pacific Resources Ltd. to develop coal mining operations in Mongolia. The collaboration aims to ramp up production to 5 million tons per year, with China Baoli securing exclusive rights to mining production and establishing a power and data center on site. The partnership is set for an initial term of ten years, with a focus on leveraging Mongolia’s coal resources efficiently.
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