Gasification: "Twelve-Five" at the end of coal production capacity is expected to double

February 23, Coal gasification (000968) Chairman Wang Liangyan at the company's shareholders meeting and subsequent investor communications, said, to "Twelve-Five" at the end of the company's coal production capacity is expected to double. 2011 is the "Twelve-Five" planning of the beginning of the year, in terms of the company's industry development trend, Wang Liangyan analysis that this year coking coal prices will not be large fluctuations, the overall will maintain a relatively stable situation.　　Coal gasification research has identified a series of measures to ensure the smooth and healthy development of the company, plans to produce 3.55 million tons of raw coal, washing coal 1.46 million tons, coking coal 1.35 million tons, operating income of 3.66 billion yuan. Wang Liangyan said that although coal gasification in 2011 will not change significantly compared with 2010, but along with the company Longquan coal mine construction Smooth promotion and Lingshi Huayuan coal industry and Huasheng coal industry two technical transformation project completion, by 2012, the company coal production capacity will have a big growth, is expected to achieve capacity doubling, "Twelve-Five　　"The period is expected to achieve double the capacity." It is understood that coal gasification Longquan coal mine design capacity reached 5 million tons/year, Lingshi Huayuan project and Huasheng Coal industry capacity is 900,000 tons/year, they reach the postpartum production capacity will be close to 7 million tons.　　In 2011, the company planned to produce 3.55 million tons, which means that the company's coal production capacity will exceed the 10 million-ton mark. According to the introduction, Longquan mine construction cycle of 40 months, July 1, 2009 officially started construction, is expected to reach the production conditions in the third quarter of 2012, the project as of 2010 has completed the total investment of 548.98 million yuan. Lingshi Huayuan Coal Industry technical renovation project up to 2010 has been completed investment of 214.1 million yuan, and Huasheng coal industry technical renovation Project 2012 years will also enter the trial production.　　Coal gasification will be issued in 2011, not more than 155 million shares of a shares, the total amount of financing does not exceed 2.85 billion yuan to meet the funding needs of these projects. As a coking enterprise, owning coal resources is very important to the company, Wang Liangyan said. With the integration of coal resources and the completion of coal mine merger and reorganization in Shanxi Province, the trend of competition in coal industry will be shifted from price competition to resource competition. The company currently occupies a relatively small amount of coal resources, the future will seize every opportunity to occupy resources.