High-qual­ity coal found in Sichuan prov­ince

China Daily (Canada) - - FRONT PAGE -

About 339 mil­lion metric tons of high-qual­ity coal re­sources have been dis­cov­ered in Sichuan prov­ince, said a re­port pub­lished by the West Chi­naMetropo­lis Daily on Tues­day. The find is es­ti­mated to be spread over a coal-bear­ing area of 92 square kilo­me­ters in Ping­shan county. The value of the re­serves is es­ti­mated at about 100 bil­lion yuan ($16.1 bil­lion), the re­port said, adding that the coal is medium caloric, has low phos­pho­rus, low ash and low sul­fur an­thracite. company Coach Inc is ex­pand­ing its footwear col­lec­tion by buy­ing Stu­ar­tWeitz­manHold­ings LLC from pri­vate eq­uity firm Sycamore Part­ners for about $530 mil­lion. Coach, known for its Poppy hand­bags, will also make con­tin­gency pay­ments of up to $44 mil­lion to Sycamore Part­ners, if it fails to achieve cer­tain rev­enue tar­gets over the three years after the deal closes.

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