Shenfu Dongsheng Coal becomes first hundred-million-ton coal base
(www.chinamining.org)
Updated:
2008-09-02 09:03
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Shenfu Dongsheng Coal Co., a subsidiary of China's biggest coal producer Shenhua Group (601088. SH,01088. HK), produced 119 million tons of coal in 2007, making it the first 100-million-ton coal base in China.
Shenfu Dongsheng has maintained a 10-million-ton growth rate for nine consecutive years since its establishment in August 1998.
The company is an area between the Inner Mongolia Autonomous Region and Shaanxi Province in North China, with a proven coal reserve of 223.6 billion tons and an expected reserve of 1 trillion tons.
The company had invested 28.8 billion yuan in building eight 10-million-ton coal mines by 2007, forming a 100-million-ton coal production base.
Ordos city of Inner Mongolia cut down the number of small local mines from 1,200 to 270, while raising the capacity from 30 million tons to 200 million tons. The coal recovery ratio was up from 30 percent to 70 percent.
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