On the evening of February 22, it was announced that the haizetan coal mine project of Shaanxi Yihua Mining Development Co., Ltd. affiliated to the company was approved by the national development and Reform Commission.
The announcement said that recently, the national development and Reform Commission issued the reply on the approval of the haizetan coal mine project in the Southern District of Shaanxi Yuheng mining area (fgy [2022] No. 256), approving Shaanxi Yihua Mining Development Co., Ltd. (the company holds 70% of its equity) to build the haizetan coal mine project.
According to the approval document, in order to promote the construction of large coal bases in Northern Shaanxi, ensure the stable supply of energy and optimize the coal industrial structure, it is agreed to implement the replacement of coal production capacity and build the haizetan coal mine project in the south of Yuheng mining area in Shaanxi. The project unit is Shaanxi Yihua Mining Development Co., Ltd.
The construction scale of haizetan coal mine is 6 million tons / year, supporting the construction of coal preparation plants of the same scale. The industrial site of the mine is located in the central and western part of the mine field. The vertical shaft development mode and zoning ventilation are adopted. Two fully mechanized mining faces are arranged when it is put into operation. Belt conveyor is used for underground coal transportation, and trackless rubber tyred vehicle is used for auxiliary transportation. Heavy medium shallow trough separation process is adopted for coal washing. The two power supply circuits are respectively led from different bus sections of Shuofang 110kV substation. The total investment of the project is 7.46 billion yuan (excluding the cost of mining rights). Among them, the capital is 2.273 billion yuan, accounting for 30.47% of the total investment.
The company said that the identified resource of haizetan coal mine is 1144.54 million tons, and the coal types are mainly high-quality power coal and chemical coal (long flame coal, non stick coal and weak stick coal), with an average calorific value of more than 6500 kcal. Haizetan coal mine has many advantages, such as large resource reserves, good mining conditions, excellent expected benefits, long mining life and so on. The project is located in Shaanxi Yuheng mining area, one of the “three West” areas in Shanxi, Shaanxi and Mengxi. It is a new coal mine project approved by the national energy administration according to the advanced production capacity. It is an important coal source point of Haoji railway, the national north south coal transportation channel, and an important raw material supply point of coal chemical industry in Northern Shaanxi, It is also a key project of the “14th five year plan and 2035 long-term goal” and a key coal mine for energy supply guarantee in the “14th five year plan” in Yulin City, Shaanxi Province. At the same time, it is listed in the key construction project of Shaanxi Province in 2022.
The haizetan coal mine project has been approved by the national development and Reform Commission, which indicates that the construction conditions of the coal mine have been implemented, and the mining license and other relevant procedures will be handled in accordance with the procedures in the future. According to preliminary calculation, after the completion of haizetan coal mine, it can realize an annual operating income of about 5 billion yuan, a net profit of about 2 billion yuan and an operating net cash flow of about 2.5 billion yuan. Previously, Wintime Energy Co.Ltd(600157) 2021 annual performance forecast showed that benefiting from the increase of coal sales and price rise, the company’s net profit after deduction in 2021 was 785-945 million yuan, a year-on-year increase of 301.99% – 383.92%. In the future, the production of haizetan project will greatly improve the profitability of the company.
The company said that the approval of the haizetan coal mine project has greatly increased the value of the project and will provide a solid guarantee for the subsequent development of the company.
