 In September 2010, the company agreed a contract with Mitsui & Co. in an extensive ranging cooperation in the coal industry from shipping and overseas mine development to effectiveness of coal usage and chemical manufacturing.In December 2010, Shenhua invested $2 billion in the construction of a railway; 35 percent using its own capital and the remainder from bank lending.In July 2011, Shenhua acquired a 40 percent stake in Mongolia's biggest coal project, with a Russian syndicate controlling 36 percent and Peabody Energy Corp of America owning the remaining 24 percent.