Digging deep: Chinese group to invest in Thar

KARACHI: One of the largest private sector groups in China, Kingho Group, is interested in investing in the chemical production plant at Thar Coal.

A nine-member Kingho Group delegation met Chief Minister Qaim Ali Shah at Chief Minister House on Thursday. The group’s assistant chairman spoke to Shah about working in structure development for mines and the chemical sector.

The CM told the delegation about Sindh’s rich reserves of coal and other natural resources. Teamed up with the agricultural productivity of the province, the CM said it would be the perfect region to invest in. He assured the delegation that the government will cooperate with the group and he suggested they invest in coal development, generation of energy and chemical productivity.

“Kingho Group employs 64,000 workers and possesses 22 billion tons of coal and 800 million tons of iron ore,” said the assistant chairman. The group’s top priority in China is energy security, which follow the state policies of energy conservation.

Published in The Express Tribune, January 28^th, 2011.