Coal gasification to 2.8 billion development of Longquan coal mine down 6.5% today

NetEase Finance December 10 News Today, the announcement said, the company intends to 18.38 yuan/share price issue 155 million shares raise 2.85 billion yuan, to collect funds to be used in Longquan 5 million tons/year of mine construction and supplementary liquidity. Longquan coal mine is expected to be put into production in 2012, the main coal is the domestic and foreign coal market shortage of high-quality coking coal blending, the market gap is large, the project will bring good economic benefits for the company.　　Mine design reserves of 495.81 million tons, recoverable reserves of 338.71 million tons, production capacity of 5 million tons/year. The company said that in order to further improve the profitability of the main business, we must increase the exploration and development of coal mining efforts.　　The construction of Longquan coal mine for this project is of great significance to the company, which can further improve the company's coal production and improve the company's economic benefits. Today, coal gasification significantly lower open 7.75%, after the opening volume kill down, the plate was once sealed down, the whole day deal 955 million yuan, turnover rate reached 8.75%.