China's first national coal exchange center is set to begin operations in November in Taiyuan, Shanxi province, Economic Observer reported (in Chinese). The China Taiyuan Coal Trading Center is a joint investment by 29 companies led by Shanxi Coal Transportation and Sales Group, representing US$133 million. The nation's five largest power-generation companies – Huaneng, Datang, Guodian, Huandian and China Power Investment – together hold an 18% stake in the exchange, which will replace an annual coal ordering conference and became the country's main distribution center for coal.
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