Oracle, Chinese Co. Team Up For Pakistan Coalfield Project

Law360, New York (September 24, 2013, 6:47 PM EDT) -- Oracle Coalfields LLC has signed a joint development agreement with China CAMC Engineering Co. Ltd. to develop its coal mine and power plant project in Pakistan, Oracle announced Tuesday.

Under the two-year agreement, CAMCE, which is a subsidiary of state-owned China National Machinery Industry Corp., will help Oracle find the debt financing it needs to construct the mine and power plant at the Thar coalfield.

“The board of Oracle is very grateful to CAMCE for their involvement in our project and for their assistance in seeking...
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