On February 21, Shaanxi Coal Industry Group Co., Ltd. in Xi’an was formally established, indicating that the coal industry in Shaanxi province has entered a stage of rapid development.

Shaanxi Coal Industry Group Co., Ltd. is a large size state-owned enterprise approved by the Provincial Government of Shaanxi, mainly engaged in the ownership of state-owned assets of its wholly-owned, holding, and joint-stock companies, exercising the rights and responsibilities in accordance with the law. Within the scope of authorization of the provincial government, it enjoys rights in decision-making, management, and return on assets, and is responsible for the transfer of property rights, corporate restructuring and asset restructuring for the state-owned assets it owns. Shaanxi Coal Industry Group Co., Ltd is composed of 10 companies, namely Tongchuan Mining Bureau, Hancheng Mining Bureau, Pubai Mining Bureau, Chenghe Mining Bureau, Shaanxi Coal Construction Company, Shaanxi Coal Transportation Group Company, Huangling Mining Limited Company, Shaanxi Tiandi Geological Limited Company, Northern Shaanxi Mining Bureau, and Shaanxi Binchang Mining Area Development and Construction Company. The total assets amount to 10 billion yuan and it has over 100 employees. It attracts the leading companies in coal production, transportation, and geological exploration in Shaanxi province, enjoys a considerable range of quality assets, and has technological strength and advanced production equipment. The Group, established in accordance with the requirements of a modern enterprise system and connecting the backbone of the enterprises, will further improve the coal industry concentration in Shaanxi province, and make full use of inherent advantages to realize economies of scale. (He Tao)