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In addition, wesball provide some factual supporting briefing for the Press Conference as follows:-
Q.
How much is the coal worth?
A.
Q.
The initial million tons will be worth about £121⁄2 million; 31⁄2 million tons might be worth about £90 million at the present time.
Will all this be spent on UK mining machinery?
The Chinese have indicated an interest in equipment for several dozen coal faces; the exchange déal will be in addition to this but the size of the order and other commercial details have not yet been settled.
What is the value of a set of equipment for a single face?
About £11-12 million.
Who will undertake the commercial negotiations?
?
How will the deal be financed?
The deal will be financed commercially
I should be grateful for any comments by 15 December which you and Peking may have, and also Love and Ashwood (DoT) and Forster (DoI) to whom I am copying this letter. I am also copying this letter to March BTC Hong Kong, who will no doubt be involved with the Tean in the power station negotiations in Hong Kong next week.
Yours sincerely
65-
R Egan
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