Hanlong Group (汉龙集团) is a

Chinese Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of ...

conglomerate with holdings in solar energy, communications, chemicals, mineral exploration, and other industries. Sichuan Hongda (四川宏達; ) is a mining company and subsidiary of Hanlong listed on the Shanghai Stock Exchange. In 2011, Hongda announced a $3 billion investment in coal and iron mining

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands ...

, making it the biggest investor in East Africa. Under the deal, a sub-project is to build a major coal plant and supply chain to provide an ample supply of electricity in Tanzania, removing the one of the biggest roadblocks to manufacturing foreign investment. To build Tanzanian power infrastructure, Hongda formed a joint venture with the government of Tanzania named Tanzania China International Mineral Resources (TCIMR). The project plan calls for the building of the Mchuchuma and Katewaka coal to electricity facility, which is expected to be the top capacity plant in the country, producing 600MW at full capacity. The facility is expected to start producing 300MW by 2015. Between 2011 and 2013 Hanlong conducted a takeover attempt for Sundance Resources of Australia. However, the deal fell through when Hanlong was unable to meet its funding obligations.

Corruption and execution

In 2014, former head of Hanlong

Liu Han Liu Han (; 25 October 1965 – 9 February 2015) was a Chinese billionaire businessman, the former chairman of the conglomerate Hanlong Group, with interests in power generation and mining. His assets were officially valued at 40 billion yuan (U ...

, along with his brother Liu Wei and dozens of other associates, was charged with nine murders and accused of running a mafia-style operation since 1993. According to state media, Liu's gang also ran a gambling ring in their home town of

Guanghan Guanghan ( zh, s=广汉, t=廣漢, p=Guǎnghàn; formerly known as Hanchow) is a county-level city under the administration of Deyang in Sichuan province, southwest China, and only from Chengdu. The predominant industries are tourism, pharmaceut ...

and operated under the protection of local official

Zhou Yongkang Zhou Yongkang (born 3 December 1942) is a former senior leader of the Chinese Communist Party (CCP). He was a member of the 17th Politburo Standing Committee (PSC), China's highest decision-making body, and the Secretary of the Central Politic ...

. Liu was later sentenced to death and was executed on 9 February 2015. In February 15, 2013, Calvin Zhu, vice president of one of Hanlong's local branches, was sentenced to 15 months in jail for insider trading.

References

External links

Hanlong Group homepage
{{Coal companies of China Companies based in Sichuan Organized crime in China Coal companies of China