BIZCHINA / Investment

Coal Development in Weizhou Mining Area of Wuzhong City
(nxinvest.gov.cn)
Updated: 2006-05-18 10:18

Projects Name£º Coal Development in Weizhou Mining Area of Wuzhong City
Projects Content£º The general scale of development construction in Weizhou mining area is 6.6 million tons each year. Annual development capacity of 4.5 million tons of coal is underway in the east of mine area in earlier days. The main construction content is to develop annual capacity of 1.2 million tons of coal in Yong¡¯an mine area, 90 000 tons of coal in the first mine area in Weizhou, 1.5 million tons of coal in the second mine area and 90 000 tons of coal in small-sized mine area.
With the development of global economy, sale price of coal, which is used for fuel and raw material, is continuing rising. At present, especially the price of coking coal and anthracite rise steadily in the market home and abroad. It is estimated that social demand and sale market of coal develop smoothly and rise before the emergence of new energy and raw materials that can replace traditional ones. If the market price of crude continues rising, the price of coal will also go up.
The annual production income is RMB£¤ 5 billion, the profits and taxs RMB£¤200 million and the return period of investment 3 years.
There are various coals in Weizhou mine area, with the amount of 1.94 billion tons, which conclude gas coal, fat coal, coking coal, lean coal, anthracite coal. These kinds of coal are not only for industrial civil use, but also for chemical industry, iron industry and chemical fertilizer industry.
The general development program of Weizhou mine area have been reported to National Committee of Development and Reform. China International Project Consulting Company has finished planning evaluation and is giving an official approval.
Weizhou Mine Area of Wuzhong City

linkman£º Yang Guiqin, Ji Rui
Address£º Committee of Development and Reform of Wuzhong City
Tel£º 0953-2037506
Postcode£º 751100
Http£º  
Email£º nxwz20622£À163.com

(For more biz stories, please visit Industry Updates)