Lijiang will build 1 million tons of tamping coke project in Yunnan

On September 26, Panneng Chemical Co., Ltd., a subsidiary of Sichuan Coal Industry Group, signed a cooperation agreement with Huaping County Rongda Mining Co., Ltd., which is controlled by Yunnan Mingjie Holding Co., Ltd., to jointly build a project in Huaping County, Lijiang. Production of 1 million tons of tamping coke project.
The project is located in Shilongba Industrial Park, Huaping County, Lijiang City, Yunnan Province, and occupies an area of ​​about 450 acres. The project is divided into two phases: 1 million tons/year ramming coke and 100,000 tons/year methanol. After the completion of the project, the actual production of coke Its capacity is 1.05 million tons/year, methanol 100,000 tons/year, coal tar 50,000 tons/year, crude benzene 12,000 tons/year, ammonium sulfate 13,000 tons/year, and sulfur 2300 tons/year. According to the preliminary estimate of the project, the total investment is about 1.2 billion yuan. The entire project construction period is one and a half years. It is expected that all the projects will be completed and put into operation in the first half of 2012. After the completion of the project, the output of coal coke from Chuanmei Group and Mingjie Company will exceed 2 million tons, the annual operating income will reach 2.5 billion yuan, and the annual profit and tax will be 150 million yuan.
It is understood that Chuanmei Group is a large-scale enterprise based on the state-owned key coal mines in Sichuan Province. Its revenue in 2010 will reach 10 billion yuan. Mingjie Company is a private enterprise mainly focusing on real estate development. In 2006, it was involved in mining and related industries. After this cooperation, Yunnan Mingjie Company stripped off non-coking project assets under the name of Rongda Company, and transferred the equity of Rongda Company to Panneng Chemical Co., Ltd. by means of capital increase and share expansion. After the transfer, Panneng Chemical Co., Ltd. occupied Rongda. The company holds 51% of the company's equity. Mingjie holds 49% of the company's equity. According to Xiao Tianren, chairman of Sichuan Coal Industry Group Co., Ltd., the project is just the first step in the cooperation between Sichuan Coal Group and Yunnan enterprises. In the future, Chuanmei Group will integrate some small coal mines in Yunnan through capital operation and other means to make full use of resources.

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