China Shenhua has 13 billion tons of coal development right today

NetEase Finance March 7 News March 4 night, China Shenhua, China's largest coal producer, issued a notice, the NDRC agreed to develop the new street in Inner Mongolia as a national key project, equipped with the company's controlling shareholder Shenhua Group Co., Ltd. (hereinafter called Shenhua Group), Shenhua Group decided to develop the project from China Shenhua. The announcement indicated that the new Street Tai Ge Miao Mining area is located in the Eerduosi territory, the resource reserves estimated 13 billion tons, is in the Shendong mining area periphery has not developed the large self-contained coalfield. Mineral resources are suitable for large-scale mechanized mining, which can be used to plan and construct a modernized mining area with an annual output of billion-ton commodity coal.　　The company said that the new Street Tai Temple Mining area adjacent to Shendong Mining area, integrated exploration and development, can make full use of the company's existing infrastructure, to play the mine, electricity, road, port, aviation integration operation advantages. China Shenhua said that the Shenhua Group will be the new Street Tai Temple mining project to be developed by the company, is based on the 2005 Shenhua Group and the company signed the "avoid competition agreement." In late December 2010, the company acquired a total of 9 corporate shares and 1 main operating assets and liabilities of the Shenhua Group and its subsidiaries under the control of the group, which was considered as an important step in the group's asset injection.　　Experts believe that because the purchase price of some assets is reasonable and difficult to judge, and some of the asset acquisition price is too high, the other part of the asset is not necessary to buy, so the acquisition of China Shenhua has to deal with the job. China Shenhua 225 million tons of coal production in 2010, compared with the company's predetermined target, as the company's main coal will be in the 2011-2012-year production, some brokers believe that China Shenhua's own coal production growth space has been limited. This time from the major shareholders to obtain 13 billion tons of coal resources, the company's future capacity must be improved.　　At present, China Shenhua has begun prospecting work, the prospecting warrants have not been completed. China Shenhua today a strong trading volume, the number of magnification, closing the closing newspaper 28.37 Yuan, turnover reached 2.64 billion yuan.