Huainan Mining Industry Group Co., Ltd
淮南矿业集团
TypePrivate Company
IndustryCoal mining, thermal electricity generation, transportation, real estate[1]
Founded1981
Headquarters
Huainan, Anhui Province
,
People's Republic of China
Area served
People's Republic of China
Key people
Deputy General Manager :Yuan Liang
Number of employees
58,586[1]
WebsiteHuainan Mining Group

Huainan Coal Mining Group (Chinese: 淮南矿业集团) is a coal mining company based in Huainan, Anhui, China, and is involved in bituminous and anthracite coal mining, washing, and sales, as well as other industries such as real estate and civil engineering.[2] Previously known as the Huainan Mining Bureau, the company changed to its current name in 1998.[3]

Company developments

Huainan Mining gained approval for a new coal project from the National Energy Administration in Bojianghaizi County, Inner Mongolia, in 2015.[4] The coal mine is estimated to yield 3 million tonnes per year, after a total investment into the project of about 2.804 billion yuan ($448.6 million).[4]

In December 2016, China Construction Bank, the country's second biggest lender, signed a 30 billion yuan debt-for-equity framework agreement with Huainan Mining Group, to be provided over a five-year term.[5] The agreement included the provision of financial services by CCB, including investment banking and settlement services.[5]

References

  1. 1 2 "Company Overview of Huainan Mining Industry (Group) Co., Ltd". Bloomberg. Retrieved 10 February 2017.
  2. ↑ "Huainan Mining Industry (Group) Co., Ltd.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-07-05.
  3. ↑ "集团概况 (Company Profile)". Huainan Mining Group. Retrieved 10 February 2017.
  4. 1 2 "Huainan Mining gets approval to build new coal mine-Shandong China Coal Industry & Mining Group". www.chinacoalintl.com. Retrieved 2017-07-05.
  5. 1 2 "China's CCB signs $4.3 bln of debt/equity swaps with coal, steel firms". Reuters. 29 December 2016. Retrieved 2017-07-05.



This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.