Sino Construction turning itself into a global coal resource player (Amended)

Singapore

SEIZING opportunities in the bear market, Singapore mainboard-listed Sino Construction has been aggressively acquiring coal assets and is now on the hunt for more.

Just this year, it has locked in three new coal deals: a bid for 100 per cent of Sydney-listed Guildford Coal, which has coal operations in Australia and Mongolia; a 52 per cent stake in Jems Exploration, an Austalian coal company; and a 51 per cent interest in Signet Coking Coal International, a South African coal player.