Datang Huayin Electric Power (600744) may invest in a coal mine located in Huitong County, Hunan province in a move to temporarily enter the mining business, reports 21st Century Business Herald, citing market rumors.

The coal mine will cost four billion yuan for the first phase and requires total investment of 30 billion yuan.

Once operational, the mine will have an annual production capacity of four million tons of stone coal, 5,000 tons of vanadium pentoxide, 200,000 cubic meters of concrete and 150 million bricks.