Zhengzhou Coal and Electric announces five pairs of coal mines not resume production
2021-07-27 17:36:17 [Print]
Zhengzhou Coal and Electric announced on July 27 that the effect of production suspension on output and performance of the company caused by heavy rain in Zhengzhou could not be able to accurately measure for the time being.
As of July 27, among the six pairs of coal mines of Zhengzhou Coal and Electric, Zhaojiazhai coal mine of Xinzheng Coal and Electric in Xinzheng resumed normal production; Lugou coal mine and Chaohua coal mine in Xinmi were out of production under the threat of flood and workers organized together for production resumption; Baiping Coal Industry, Gaocheng coal mine and Jiaoxue #2 coal mine in Dengfeng would resume production after local governments and relevant departments complete flood risk assessment.
The abovementioned five pairs of coal mines hold an annual production capacity of 5.25 million tons. In 2020, these coal mines saw an output of 4.07 million tons and achieved an operation income of RMB1,384 million (USD214 million), accounting for 49.55% of the annual operation income of the company. In the first half of 2021, these coal mines produced 1.75 million tons of coal and realized an operation income of RMB798 million (USD123 million), which was predicted to accounted for 52.95% of the total operation income of the company in H1.
As of July 27, among the six pairs of coal mines of Zhengzhou Coal and Electric, Zhaojiazhai coal mine of Xinzheng Coal and Electric in Xinzheng resumed normal production; Lugou coal mine and Chaohua coal mine in Xinmi were out of production under the threat of flood and workers organized together for production resumption; Baiping Coal Industry, Gaocheng coal mine and Jiaoxue #2 coal mine in Dengfeng would resume production after local governments and relevant departments complete flood risk assessment.
The abovementioned five pairs of coal mines hold an annual production capacity of 5.25 million tons. In 2020, these coal mines saw an output of 4.07 million tons and achieved an operation income of RMB1,384 million (USD214 million), accounting for 49.55% of the annual operation income of the company. In the first half of 2021, these coal mines produced 1.75 million tons of coal and realized an operation income of RMB798 million (USD123 million), which was predicted to accounted for 52.95% of the total operation income of the company in H1.
