Shenzhen YanFeng Coal Company Limited: Mining /Energy, Joint Venture with Biosphere Development Corp (GEECF / XETRA: GLI).

SHENZHEN, China, Feb 5  /PRNewswire-FirstCall/ -- Shenzhen YanFeng Coal Company Limited, a subsidiary of the Shenzhen Branch of the Yankuang Group Co, has formed a Joint Venture Company with Biosphere Development Corp., a subsidiary of Global Environmental Energy Corp (Deutsche Bourse GLI [DE: GLI] -- USA OTC Bulletin Board: GEECF).

Announcing the deal, Mr. Wang Changyou, Chairman of YanFeng, stated "Yankuang congratulates Biosphere on its success in obtaining its permit from the State Environmental Protection Administration for the Biosphere Process System and the success of Biospheres' other ongoing joint ventures with Yankuang.

The joint venture has agreed to acquire eight operating mines in China, which will use Biospheres to generate electricity from coal tailings, coal mining wastes, and local municipal and industrial wastes. This will increase the mines profits by about 25%, and operate in compliance with current environmental regulations as dictated by the State Environmental Protection Administration.

By using Biosphere Systems, each mine can generate its own electricity from mine waste as opposed to diesel fuel, which currently costs USD$300 per MW. Surplus energy can be sold to local domestic and industrial clients. The eight mines are expected to produce approximately 23,750,000 tonnes of coal a year, with a market value of about USD$24 per tonne. The Biosphere is capable of producing about 2,300,000 MW hours of electricity per year from the waste materials with a tax free sales value of approximately USD$60 per MW. "

The Yankuang Group Co., Ltd., is engaged in coal mining, coal chemistry, electrolytic aluminum, real estate development, electricity generation, construction materials, mechanical process, environmental remediation, trading etc. The Yankuang Group Co., Ltd.'s subsidiary Yangzhou Coal Mining Company Limited is listed on the New York Stock exchange (NYSE:YZC), the Hong Kong Stock Exchange (Code number 1171) and Shanghai Securities Exchange (Code number 600188). 

DATASOURCE: Global Environmental Energy Corp



CONTACT: Shenzhen YanFeng Coal Company Limited, +0089-1314-389-02



Web site:  http://www.gli-geecf.com/ 

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