Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


Up Energy Development Group Limited Aims to be the Substantial Scale of Integrated Energy Conglomerate with Circulative Economy Model

Hong Kong, Jan 17, 2013 - (ACN Newswire) - Up Energy Development Group Limited (the "Company" or "Up Energy", together with its subsidiaries, the "Group", stock code: 307), wrapped up two acquisitions of coking coal mines. It recently announced the purchase of the entire equity interest in Baicheng coal mine from Hao Tian Resources Group Limited (stock code: 474) for a total consideration of HK$1.58 billion, including HK$845 million in cash, and HK$367 million consideration shares at an issue price of HK$2. Upon the completion of this transaction, the coal resources of the Group will be increased by 44.3% to 362 million tons. Given the potential synergy from the transaction, the Company expects to strengthen its leading industry position with substantial coal reserves.

In addition, the Company entered into an acquisition agreement with Kaisun Energy Group Limited (Kaisun, stock code:8203) for acquiring a 52% equity interest in Kamarob, which controls and holds a sizable coking coal mine in Tajikistan, namely the Kafta Hona Deposit.

The Group currently owns Xiaohuangshan Mine, Shizhuanggou Mine and Quanshuigou Mine in Xinjiang Autonomous Region. Adding Baicheng Wenzhou and Tajikistan Kamarob coal mines, the Group controls approximately 341.15 million tons by the JORC Code of MI & I resources, with 91.24 million tonnes of P&P marketable coal reserves. As a result, Up Energy expects to have the largest amount of coking coal resources among companies listed on the Stock Exchange of Hong Kong.

The Company has also announced that Ping'an Coal Mine Gas Engineering Research Center Limited Liability Company ( "Ping'an Gas "), which is ultimately held by Huainan Group, has stepped into a strategic cooperation with Up Energy's wholly-owned subsidiary Fukang Mining, the owner of Xiaohuangshan Mine. Ping'an Gas has agreed to grant the non-exclusive licence to use the patents and non-patented technologies relating to coal mining held by Huainan Group to Fukang Mining at a consideration of acquiring a 12% equity interest of Fukang Mining. Up Energy has always attached great importance to safety exploration and production. Ping'an gas is one of the 13 national qualified coal mine gas safety governance operators in Chinaw ith hundred-million-ton coal resources base. Up Energy has thus become the first private-owned enterprise which took the lead in introducing national gas safety management.

As the largest integrated energy group with circulative economy business model in the coking coal industry, Up Energy has started its business from coal resources exploration to gradually established a complete set of projects with the concept of circulative economy which includes raw coal mining, raw coal washing, coal coking, cogenerating and coal mine gas utilizing.

Looking forward, Xinjiang is one of the key areas in China's development plan in the northwestern region. A significant portion of newly increased production capacity of China's iron and steel industry will come from Xinjiang in the future. The Group has been well rooted with a solid foundation in Xinjiang and is in a sound financial position with strong liquidity for business expansion. The Group is poised for growth with its market opportunity and bright industy outlook. In 2013, the Group will increase its coking coal producton capacity to 2.7 mllion tons. By adhering to the policy of energy efficiency and assertive M&A strategies, the expected production annual growth rate can reach 40% in the long run. Going ahead, the Group will focus on developing the coking coal mining resources in Central and West Asia, Australia and U.S., so as to further capture future opportunities and to maximize return to our shareholders.

For further information, please contact:

LBS Communications Consulting Limited
Joanne Chan / Xi Zhang / Stacy Zhang
Tel: (852) 3752 0432
Fax: (852) 3753 2899
Email: jchan@lbs-comm.com / scheung@lbs-comm.com / szhang@lbs-comm.com

Source: Up Energy Development Group Limited

Contact:

LBS Communications Consulting Limited
Joanne Chan / Xi Zhang / Stacy Zhang
Tel: (852) 3752 0432
Fax: (852) 3753 2899
Email: jchan@lbs-comm.com / scheung@lbs-comm.com / szhang@lbs-comm.com





Copyright 2013 ACN Newswire. All rights reserved.

About ACN Newswire
Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Enterprise Open Source Magazine Latest Stories . . .
Every day and every second, the system administrator gets tones of information on the network operation, network devices’ operation, and messages from users; he sets dozens of challenges, which must help to avoid the existing and possible problems in the future. Often, it is rather dif...
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is ob...
With the increasing complexity of software, organizations are more cognizant than ever about the potential pitfalls of including open source code in their products. Below are some quick tips to continue leveraging open source code, while keeping your manager and legal department happy.
The industry is heated with debates on whether adopting private or public cloud is the smartest, best, cheapest, you name it choice. But this debate is missing the mark. Businesses shouldn’t be discussing public vs. private, but rather how can they make the two work together to their g...
In his session at 15th Cloud Expo, Mark Hinkle, Senior Director, Open Source Solutions at Citrix Systems Inc., will provide overview of the open source software that can be used to deploy and manage a cloud computing environment. He will include information on storage, networking(e.g.,...
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefi...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE