Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Up Energy Development Group Limited Aims to be the Substantial Scale of Integrated Energy Conglomerate with Circulative Economy Model

Hong Kong, Jan 17, 2013 - (ACN Newswire) - Up Energy Development Group Limited (the "Company" or "Up Energy", together with its subsidiaries, the "Group", stock code: 307), wrapped up two acquisitions of coking coal mines. It recently announced the purchase of the entire equity interest in Baicheng coal mine from Hao Tian Resources Group Limited (stock code: 474) for a total consideration of HK$1.58 billion, including HK$845 million in cash, and HK$367 million consideration shares at an issue price of HK$2. Upon the completion of this transaction, the coal resources of the Group will be increased by 44.3% to 362 million tons. Given the potential synergy from the transaction, the Company expects to strengthen its leading industry position with substantial coal reserves.

In addition, the Company entered into an acquisition agreement with Kaisun Energy Group Limited (Kaisun, stock code:8203) for acquiring a 52% equity interest in Kamarob, which controls and holds a sizable coking coal mine in Tajikistan, namely the Kafta Hona Deposit.

The Group currently owns Xiaohuangshan Mine, Shizhuanggou Mine and Quanshuigou Mine in Xinjiang Autonomous Region. Adding Baicheng Wenzhou and Tajikistan Kamarob coal mines, the Group controls approximately 341.15 million tons by the JORC Code of MI & I resources, with 91.24 million tonnes of P&P marketable coal reserves. As a result, Up Energy expects to have the largest amount of coking coal resources among companies listed on the Stock Exchange of Hong Kong.

The Company has also announced that Ping'an Coal Mine Gas Engineering Research Center Limited Liability Company ( "Ping'an Gas "), which is ultimately held by Huainan Group, has stepped into a strategic cooperation with Up Energy's wholly-owned subsidiary Fukang Mining, the owner of Xiaohuangshan Mine. Ping'an Gas has agreed to grant the non-exclusive licence to use the patents and non-patented technologies relating to coal mining held by Huainan Group to Fukang Mining at a consideration of acquiring a 12% equity interest of Fukang Mining. Up Energy has always attached great importance to safety exploration and production. Ping'an gas is one of the 13 national qualified coal mine gas safety governance operators in Chinaw ith hundred-million-ton coal resources base. Up Energy has thus become the first private-owned enterprise which took the lead in introducing national gas safety management.

As the largest integrated energy group with circulative economy business model in the coking coal industry, Up Energy has started its business from coal resources exploration to gradually established a complete set of projects with the concept of circulative economy which includes raw coal mining, raw coal washing, coal coking, cogenerating and coal mine gas utilizing.

Looking forward, Xinjiang is one of the key areas in China's development plan in the northwestern region. A significant portion of newly increased production capacity of China's iron and steel industry will come from Xinjiang in the future. The Group has been well rooted with a solid foundation in Xinjiang and is in a sound financial position with strong liquidity for business expansion. The Group is poised for growth with its market opportunity and bright industy outlook. In 2013, the Group will increase its coking coal producton capacity to 2.7 mllion tons. By adhering to the policy of energy efficiency and assertive M&A strategies, the expected production annual growth rate can reach 40% in the long run. Going ahead, the Group will focus on developing the coking coal mining resources in Central and West Asia, Australia and U.S., so as to further capture future opportunities and to maximize return to our shareholders.

For further information, please contact:

LBS Communications Consulting Limited
Joanne Chan / Xi Zhang / Stacy Zhang
Tel: (852) 3752 0432
Fax: (852) 3753 2899
Email: jchan@lbs-comm.com / scheung@lbs-comm.com / szhang@lbs-comm.com

Source: Up Energy Development Group Limited

Contact:

LBS Communications Consulting Limited
Joanne Chan / Xi Zhang / Stacy Zhang
Tel: (852) 3752 0432
Fax: (852) 3753 2899
Email: jchan@lbs-comm.com / scheung@lbs-comm.com / szhang@lbs-comm.com





Copyright 2013 ACN Newswire. All rights reserved.

About ACN Newswire
Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
Hortonworks went through an IPO last Friday, December 12, 2014. It’s initial price of $16 soared by 60% immediately after. Today the stock price is $24.70 with a market cap of $1.02B. Another billion dollar club member. They compete with Cloudera and MapR in packaging the open source H...
You are a hobbyist; curious student or a developer-entrepreneur then you must get this kit to jump start your IoT development. This is still in Beta but it has everything you need in terms of hardware, software, tools and forums to guide you through. IoT dev kit is a subset of In...
In recurring revenue models, maximizing customer lifetime value (CLV) is achieved through establishing a lifetime of customer interaction points as each provides an opportunity to win revenue and loyalty. While the previous two posts in this CLV miniseries focused on the definition of ...
When a CIO or a CTO thinks of the applications they support it is almost always in terms of a "portfolio" When a research company named Gleanster poll executives about agile data management they discovered an interesting trend. Companies are reporting an increase in portfolio sizes wi...
The steadily increasing frequency of data breach occurrences in 2014 has been both astounding and worrisome. From Target and Neiman Marcus to Michaels, Chick-fil-A and Home Depot, fraudsters are leaving no stone unturned, and the millions of customers unlucky enough to use infected poi...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE