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. 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).
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).
