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New Drilling Technology Could Finally Make CBM Very Economic
Home Finance Stocks, Bond & Forex
By: James Finch Email Article
Word Count: 1970 Digg it | Del.icio.us it | Google it | StumbleUpon it

  

How does Mitchell see business growing in China? “Exponentially,” he quickly replied. “In China, there is a push to degasify their mines. There are some several thousand large mines, many with over one hundred million tons in reserves, and a lot of mines are being shut down because of degasification problems.” In an earlier interview with the Tunaye Sai, president of Pacific Asia China Energy, he reported that every single coal company at a recent symposium approached both Mitchell and himself about the Dymaxion technology for China. Was that true? “Very much so,” Mitchell confirmed. “Mine safety is now at the forefront of China and international observation. They’re looking forward to international help and technology to come to China and fix these problems. They’re looking at it from they want to sell coal, but they also want to sell gas. It worked well in Queensland and will apply to in China. That’s why we see such a growth for Mitchell.”

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James Finch contributes to StockInterview.com and other publications. Sign up for your free subscription to articles by James Finch by visiting http://www.stockinterview.com You can always write to James Finch: jfinch@stockinterview.com StockInterview's new book, A Practical Investor's Guide to Uranium Stocks, will be available in June and free of charge to subscribers. http://www.stockinterview.com/uranium_guide.html

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