High-quality coal found in Sichuan province
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.