GANSU EC's subsidiary, Yao Coal Company, plans to implement the renovation project of three mines
GANSU EC announced that its wholly-owned subsidiary, Yaojie Coal Power Group Co., Ltd., plans to invest in the implementation of the three mine reconstruction project, with a designed capacity of 1.80 Mt/a. The project includes mine construction, civil engineering, and electromechanical equipment installation, with a total cost of 1.329 billion yuan, funded by self-raised funds and bank loans. The project is located in Lanzhou City, Gansu Province, and the coal type is non-caking coal, suitable for power generation, chemical industry, and civilian use
According to the announcement from GANSU EC (000552.SZ), the company plans to invest in and implement the three mine renovation project through its wholly-owned subsidiary, Yaojie Coal Power Group Co., Ltd. (referred to as "Yao Coal Company"). The project is designed with a production capacity of 1.80 Mt/a, mainly focusing on optimizing various production systems underground. The renovation project includes mining construction, civil engineering, electromechanical equipment, and installation works. The total construction cost of the project is 1.329 billion yuan, and the funding will be resolved by Yao Coal Company through self-raised funds, bank loans, and other means. The project is located in the Xiaoyao Street area of Honggu District, Lanzhou City, Gansu Province. The mine is classified as a coal (rock) and carbon dioxide outburst mine, with a coal type of non-caking coal, low tar yield, and high calorific value, making it suitable for power generation, chemical use, and civilian coal
