China Coal Group, through cooperation with Boyuan Group, will increase 2.2 billion tons of high quality coal resources. After optimizing the design of mines under construction, it will increase the coal production capacity by 20 million tons and enter the fields of natural gas to methanol and coal to methanol to strengthen the company’s It is of great significance to continuously develop our capabilities, promote local economic development, and build national energy bases.
Boyuan Group was transformed from the former local state-owned Yihua Group. The main business is natural alkali chemical and natural gas chemical. It is planned to enter the coal chemical industry and is a leading chemical company in Erdos City. China Coal Group
On December 10th, China Coal Group and Boyuan Group held a ceremony in Beijing on the transfer of shares of China Coal Energy under China National Coal Group and Yuanxing Energy under the Boyuan Group, as well as the three companies of Yihua Industrial and Shanghai Zendai, and capital increase and share expansion. Matters signing agreement. According to the agreement, China Coal Energy obtained a 51% stake in Mengda Mining Co., Ltd. and Yihua Mining Resources Co., Ltd. by acquiring the equity of the partner and capital increase, and obtained 65% equity of Mengda New Energy Chemical Base Development Co., Ltd. at the same time. Cooperation with Boyuan Group and Yuanxing Energy, Yihua Industry, and Shanghai Zendai to promote the development and construction of coal mines and coal chemical projects is a major measure for China Coal Group to accelerate the construction of a coal-to-metallurgy base in Mongolia and Shaanxi.
July 09, 2018