New continent discloses Inner Mongolia coal mine shutdown reason

New continent A (000571) announced today, June 7, the Inner Mongolia Coal network released the "People's Government of Inner Mongolia Autonomous Region in 2010, the first batch of closed the list of coal mines," the closure of 17 coal mines, two of which involve new continent a. The first group of closed coal mines including the new continent a subsidiary of Inner Mongolia Yakeshi 59 coal (Group) Co., Ltd. Comprehensive mine a well (annual production capacity of 300,000 tons), and the 59 group of wholly-owned subsidiary HOLONBUYR Co., Ltd. second well (only close the well system, the annual production capacity of 300,000 tons).　　New continent A said that the closure of the mine to the company and the 59 group and the tooth star coal industry has no effect, is a normal business behavior. According to the announcement, 59 aggregates of integrated mine well due to resource depletion, the new continent A2006 February to invest in the construction of Xin Xin Mine two district construction project, as a comprehensive mine well, the continuous mine, annual production capacity of 300,000 tons.　　The project was completed in 2009 to carry forward the fixed assets, the total investment of 88.19 million yuan, the mine in July 2009 pilot production. In addition, the original tooth star coal industry has two mines, since November 2005, new continent a began to implement 900,000 tons of tooth star coal reconstruction project, for the 一、二号 mine of the star coal industry to carry out joint transformation, will 一、二号 mine consolidation, waste safety conditions of the poor second mine. The technical renovation project was completed in 2009 to carry forward the fixed assets, the total investment of 252 million yuan, the mine in April 2009 pilot production.