SinoCoking Coal plans to issue detailed response to negative blog posts SinoCoking Coal and Coke Chemical Industries said that it plans to issue a shareholder letter to address and respond to each of the allegations made in a negative blog report published by a disclosed short-seller. The company said it will notify shareholders when the forthcoming letter has been posted via a press release.
SinoCoking Coal commences syngas project construction SinoCoking Coal and Coke Chemical Industries announced that it had commenced construction of its underground coal gasification facility for the production of clean-burning syngas. Located in Pingdingshan, the UCG facility will be the first in China to incorporate carbon capture and store technology. When completed in March of next year, the SinoCoking facility is expected to produce 60K cubic meters of syngas per hour.