Puda Coal Inc (PUDA)

[BiotechValues]

bogus-

Capacity of the first two mines will be 900,000 tons annually, once upgraded.

They'll start at 450,000 tons and operate the mines as they upgrade according to the press release.

"The first phase of the consolidation will be the expansion of two coal mines from current annual capacities of 300,000 metric tons and 150,000 metric tons to 600,000 metric tons and 300,000 metric tons, respectively." Since the overall construction conditions of the two target coal mines are good, we expect that the coal mines' production capacities can be expanded without disrupting the mines' current mining operations.