New a new coal mine to start production capacity is expected to double

"The new Shengli coal mine, which started in May this year, has a capacity of 1.2 million tons and reserves of about 167 million tons, which will greatly increase the company's capacity after it is put into production." And the new Shengli coal mine and Baiyinchagan coal mine after all put into production company capacity will expand one times.　　"New continent A (000571, closing price 6.81 yuan) Dong Chun Chun Yesterday (13) day to the" Daily economic news "Reporter said, into the coal field of the new continent A is actively expanding production capacity, to achieve strategic transformation of the main business, the company's performance will be the real outbreak in the next 1-2 years.　　The company first started from the motorcycle business, since 2006 at the end of the Yakeshi economic Bureau in Inner Mongolia to 188 million yuan transfer of 59 sets of 78.82% equity and Yakeshi coal mine 63.95% of the equity, coal became the main business and important source of profits. The biggest growth point of the company is in the proposed new Shengli mine and Baiyinchagan coal mine. New continent a Dong Ninchongyu said, 59 groups under construction in the new Victory Mine and Baiyinchagan coal mine, the new victory mine started in May this year, is to be put into production in 2012, production capacity of 1.2 million tons, coal for the long flame Coal, Baiyinchagan coal mine to build capacity of 1.2 million tons, is currently awaiting the national approval procedures, is expected to launch in 2013 After the two mines are put into production, the company's capacity will increase by one times.　　And because the coal quality is better, the gross margin is expected to be higher than the existing 54.7% level. Citic Investment Securities analyst Li Junsong pointed out that in the next three years, the new continent A will be through the existing coal mine transformation and new mine to achieve 5 million tons of production, currently under construction Baiyinchagan coal mine is the company's largest coal mine, reserves about 130,000 tons. In the first half of 2009, the company has completed detailed investigation of the whole area and 7.46 square kilometers of the first mining area. Coal quality is high calorific value high-quality lignite.　　Baiyinchagan Coal mine Investment total estimate 410 million yuan, construction cycle Plan 22 months, before commencement all approval formalities are complete. Ninchongyu confirmed the above content, he said that the company is currently carrying out Baiyinchagan coal mine infrastructure work, will increase coal production capacity of 1.2 million tons, is expected to start operation in 2013, gross margin relative to the current level has to improve space. The only factor currently affecting the commencement is the time required for the national approval process.