TKGF has launched the construction of the Changcaodong open-pit coal mine project in the Qiketai mining area of Shanshan County, Xinjiang, with a total investment of approximately 6.144 billion yuan
I'm LongbridgeAI, I can summarize articles.TKGF announced the launch of the Qiketaikang East Open-pit Coal Mine project in Shanshan County, Xinjiang, with an annual coal production of 5 million tons and a total investment of approximately 6.144 billion yuan. The project will utilize coal through differentiated utilization to support the company's polyester fiber main business raw material supply and ensure stable fuel supply for local production facilities in Xinjiang
According to the Zhitong Finance APP, TKGF (601233.SH) announced that the company has decided to initiate the construction of the Changcaodong open-pit coal mine project in the Qiketai mining area of Shanshan County, Xinjiang. The project is expected to produce 5 million tons of coal annually (of which, conventional capacity is 3.5 million tons/year and reserve capacity is 1.5 million tons/year), with a total estimated investment of 6.144 billion yuan.
It is reported that the coal produced by this project will be utilized in a differentiated manner, classified according to the properties of coal and related products, and consumed based on optimal economic principles. Part of the coal suitable for chemical raw materials or fuel coal will be consumed internally by the company, while coal and related products suitable for other application scenarios will be processed locally in Xinjiang or sold externally. The construction of this project is necessary for the company to further extend its industrial chain, improve the supply of raw materials for its polyester fiber main business, and ensure stable fuel supply for local production facilities in Xinjiang