Henan coal group in 2008 approved by the Henan provincial government

Henan coal group in 2008 approved by the Henan provincial government, the original Yongcheng Coal Group, coking coal group, Hebi Coal Group, Zhongyuan Dahua Group, Henan gas group and other 5 enterprises reorganization of the establishment of large state-owned coal chemical enterprises. Currently has reserves of about 40000000000 tons of coal resources, molybdenum The metal reserves of about 1500000 tons, nearly 16 tons of bauxite resources at home and abroad.

Coal is one of the largest coal enterprises in Henan province government management, main coal mining, coal chemical industry, aluminum smelting and other business. Mine is located in Henan and Qinghai, Xinjiang, Shanxi, Inner Mongolia five provinces (area), mine has a production 22, and into the development of coal resources in Australia in 2011.

The announcement also said that the new group will accelerate the integration of assets and business, industry and product advantages as soon as possible. The coal sector listed as the platform, through the issuance of other forms, and gradually realize the coal business overall market, improve asset securitization rate.

Coal ambitious coal analyst Zhang Zhibin told the “First Financial Daily” the reporter said, according to the two current coal enterprises production, directly after the merger into the ranks of million tons of enterprises, and will play the advantages of the industrial chain.

“In 2012 Chinese ranked in the top 100 coal enterprises in Henan coal group to 84 million 830 thousand tons of coal output ranks third, coal to 33 million 620 thousand tons of coal output ranks twenty-first, after the merger of the two, annual coal production will exceed million tons. In addition, after the merger of two, reduce intermediate links will also save coal sales, finance, management and other three costs, the financial costs, reduce cost of sales.” Zhang Zhibin said.

However, great energy also said the restructuring required by the government of Henan province SASAC report to the SASAC of the State Council, the SASAC approval by the state council.