Xishan coal-electricity involved in Anze County coal development

Xishan coal Power (000983) today disclosed the participation in the establishment of two new companies, the issue behind the matter is that Xishan coal electricity will be not yet a large area of development of coal resources in large counties Anze County development. Xishan Coal electricity disclosure, and Shanxi Yong Xin Coal Char Limited liability company jointly funded, respectively, set up Shanxi Anze Xishan Yong Xin Coal Industry Co., Ltd. and Shanxi Anzeillon Xin Xishan Coal Chemical Co., Ltd. 's motion. The proposed new Xishan Yong Xin Coal Industry company registered capital of 10 million yuan, the company invested 6 million yuan in Money, Yong Xin char in the currency of 4 million yuan.　　The new Yong-Xin Xishan Coal Chemical company registered capital of 10 million yuan, the company invested 4 million yuan in Money, Yong Xin char in the currency of 6 million yuan. Although the newly established two companies have few registered capital, they will develop a very small number of projects. Among them, Xishan Yong Xin Coal industry under the jurisdiction of two coal mines, Tangcheng coal mine and Hebei's coal mine. Tangcheng coal mine project area of 26.27 square kilometers, reserves 100 million tons, production scale of 2 million tons/year, Hebei's coal mine project area of 29.69 square kilometers, reserves 300 million tons, production scale of 5 million tons/year.　　Yong Xin Xishan Coal Chemical industry, including 1 million tons/year supply heating coking project and 1 million tons/year methanol, 700,000 tons/year DME project. Xishan Coal Electricity said, the cooperation project location is located in Shanxi province Anze County Tang Town and the Hebei's town, Anze County is located in Shanxi province Linfen East, the total area 1967 square kilometers, the coal reserves area reaches 1372 square kilometers, occupies the county area 70%, the total amount reaches 10.5 billion tons, is currently not a large area of the development of coal resources counties. Because of historical reasons, the economic development of Anze County has been lagging behind, and it is a provincial impoverished county. In order to develop the local economy and benefit the local people, in the "two districts" development plan of Shanxi Province, Anze County was included in the key development area, the cooperation project is the Anze County "two districts" development key support project of the provincial government. After the implementation of the project, the company has increased the amount of quality resources.