Huainan Mining Group

Huainan Mining Industry Group Co., Ltd
淮南矿业集团
Private Company
Industry Coal mining, thermal electricity generation, transportation, real estate[1]
Founded 1981
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]
Website Huainan 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.
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