Xishan Coal Electricity Anze Yongxin Powerful Alliance

Xishan Coal Power disclosed that it plans to co-fund with Shanxi Yongxin Coal Coking Co., Ltd. and set up the motions of Shanxi Zexishan Yongxin Coal Industry Co., Ltd. and Shan Xi'an Zeyongxin Xishan Coal Chemical Industry Co., Ltd. respectively. The proposed new Xishan Yongxin Coal Company will have a registered capital of 10 million yuan, the company will invest 6 million yuan in currency, and Yongxin coal coking will contribute 4 million yuan in currency. The newly established Yongxin Xishan Coal Chemical Company has a registered capital of 10 million yuan, the company will contribute 4 million yuan in currency, and Yongxin coal coking will contribute 6 million yuan in currency.

Although the newly established two companies do not have much registered capital, the projects they will develop are not small. Among them, Xishan Yongxin Coal Co., Ltd. administers two coal mines, the Tangcheng coal mine and the Yanshi coal mine. The Tangcheng Coal Mine Project has an area of ​​26.27 square kilometers, reserves of 100 million tons, and a production scale of 2 million tons/year. The Yongshi coal mine has an area of ​​29.69 square kilometers, reserves of 300 million tons and a production scale of 5 million tons/year. Yongxin Xishan Coal Chemical Industry, including 1 million tons / year of gas heating coking project and 1 million tons / year methanol, 700,000 tons / year dimethyl ether project.

Xishan Coal and Power said that the joint venture project is located in Tang Town, Anze County, Shanxi Province, and Jishi Town, Anze County, in the east of Linfen City, Shanxi Province, with a total area of ​​1967 square kilometers and an area of ​​1,372 square kilometers of coal reserves, accounting for the entire county. About 70% of the area, with a total amount of 10.5 billion tons, is a big coal resource county that has not yet been developed on a large scale. Due to historical reasons, the economic development of Anze County has been lagging behind and it is a provincial poverty county. In order to develop the local economy and benefit the local people, Anze County was included in the key development areas in the “Two Districts” development plan of Shanxi Province. This cooperation project is the key support for the development of “Two Districts” in Anze County determined by the provincial government. project. After the implementation of the project, the company has increased the amount of quality resources it has.

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