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To: LoneClone who wrote (66626)	8/31/2010 9:19:42 AM
From: LoneClone	Read Replies (1) \| Respond to of 194619

Russia invites China's Shenhua to coal project Mon Aug 30, 2010 4:41pm GMT af.reuters.com MOSCOW Aug 30 (Reuters) - Russia invited China's Shenhua Energy Co Ltd (1088.HK: Quote) to take part in a coal liquefaction project, estimated to cost $2 billion to $3 billion, the Russian Energy Ministry said on Monday. "The preliminary talks are going on," the ministry's press secretary, Irina Yesipova, told Reuters, adding that the proposal had been sent to China and that its possible participation was discussed at an energy cooperation meeting. Shenhua, the world's most valuable coal producer, could not immediately be contacted for comment. The company previously said it was interested in projects with Russian companies. [ID:nTOE67T042] Yesipova said the Energy Ministry would look at getting state power firm InterRAO (IUES.MM: Quote), involved in the project as its operator. Two sources at Russian coal producers estimated the project could cost between $2 billion and $3 billion. The site of the liquefaction plant -- which would be able to produce synthetic liquid fuels from coal -- and other details have yet to be determined, she said. (Reporting by Anastasia Lyrchikova; Writing by Toni Vorobyova; Editing by Sharon Lindores)