China Pingmei Shenma Group's Xiadian Mine expected to be put into operation in Jun
2021-01-05 11:36:33 [Print]
It's reported that the Xiadian Mine of China Pingmei Shenma Group is expected to produce coal on a trial basis at the end of June this year
It's understood that the Xiadian Mine covers an area of about 26.4 square kilometers and has a recoverable reserve of 124 million tons . In 2019, the total investment of the project approved by the National Energy Administration was RMB3 . 257 billion (USD496 . 33 million) and the mine construction scale was 1 . 5 million tons per year, which has a mine life of 58 years . The project started in May 2010, ceased construction in September 2014, and resumed construction in September 2019 . The mine plans to complete the installation of the first mining face by the end of June 2021 and meet the conditions for trial production . After it is put into operation, it's estimated that the annual sales revenue would be RMB678 million (USD103 . 32 million) and the profit and tax would be RMB170 million (USD25 . 91 million).
. The company works on shift currently and goes all out to enter a critical period of trial production countdown.
It's understood that the Xiadian Mine covers an area of about 26.4 square kilometers and has a recoverable reserve of 124 million tons . In 2019, the total investment of the project approved by the National Energy Administration was RMB3 . 257 billion (USD496 . 33 million) and the mine construction scale was 1 . 5 million tons per year, which has a mine life of 58 years . The project started in May 2010, ceased construction in September 2014, and resumed construction in September 2019 . The mine plans to complete the installation of the first mining face by the end of June 2021 and meet the conditions for trial production . After it is put into operation, it's estimated that the annual sales revenue would be RMB678 million (USD103 . 32 million) and the profit and tax would be RMB170 million (USD25 . 91 million).