Jinzhong Coal Mine Expands Assets by 10 Times to Increase Production Capacity

The Coal Industry Bureau of Shanxi Province requires that the domestic coal mines have a production capacity of 1.2 million tons per year at the end of the “Twelfth Five-year Plan” period. At this year's coal working conference in the province, it was proposed to complete 105 billion yuan of investment in mine construction. In order to achieve this goal, some local coal mines with an annual production capacity of 900,000 tons have already begun to implement energy expansion and reconstruction.

Yesterday, the reporter learned that there are many local coal mines in Jinzhong and they have started to increase their capital and expand their stocks internally to obtain funds, and to carry out 1.2 million tons/year of capacity transformation and upgrading projects. Through capital increase and expansion of shares, some coal mine assets can increase tenfold.

Coal mine self-raised funds and production capacity

It is understood that Shanxi will complete a fixed investment of 160 billion yuan in the coal industry this year, of which mine construction investment will still account for more than 60%, to 105 billion yuan.

For local coal mines such as Jinzhong Yuci Beishan Coal Chemical Co., Ltd. (hereinafter referred to as Beishan coalification), there is no large group to rely on, and the funds for expansion and reconstruction can only be self-funded.

According to a person in charge of the Beishan coalification department, he told reporters that in early March, the company announced plans to increase capital and expand stocks and raise funds to increase production capacity. The Beishan coalification plan will increase the company's assets from the current 30 million yuan to more than 300 million yuan by raising capital from the original shareholders.

Such a large sum of money seems not to be difficult for coal mine shareholders. In order to encourage shareholders, Beishan Coal Chemical will provide certain subsidies for the initial shareholder's contribution and it is estimated that it will account for about 30% of the capital required by shareholders. The person in charge also said that many shareholders had previously accumulated a lot of capital, and several hundred thousand yuan of stock expansion funds were not difficult for them.

Last year, the province’s mine investment increased by more than 90%

Shanxi Province Coal Industry Department data show that in 2011 the province's coal industry investment in fixed assets completed 142 billion yuan, an increase of 54.3%, of which mine construction accounted for about 68%, for 96.5 billion yuan, an increase of 92.4%.

The huge amount of investment in mine construction has enabled the single well size of the mine in Shanxi Province to reach 900,000 tons/year.

Beishan Coal Chemical officially established its own production capacity from 450,000 tons/year to 900,000 tons/year in this round of coal resource integration, and passed acceptance by related departments. Several adjacent coal mines also carried out production technologies. Change to improve.

The person in charge said that the company’s mines’ comprehensive mining construction and the training on the technical reform of mines are all paid by the company.

After reaching the capacity requirement of 900,000 tons/year, local coal mines like Beishan coalification still need to carry out energy expansion and reconstruction in order to meet new requirements.