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Wu Jiu Group Signs Argun Daxi Mount Coal Development Framework Agreement

1390 View       2014-06-20

On Jun. 10th, 2014, Wu Jiu Group signed a tri-party cooperation development framework agreement of Daxi Mountain at Argun. The projects include coal, electricity and heat, which marked the first step of Wu Jiu Group’s resource integration. It is a very crucial step for Wu Jiu to march out of Yakeshi city and get stronger, and also a very crucial step for Zaozhuang Coal Group to build up a coal production base in East Inner Mongolia.
The total planning area of Daxi Mount coalfield reached up to 250k㎡, with a detected reserves of 300 million tons and expected reserves of 350 million tons, mainly gas coals, 1/3 coking coals and coking coals. The calorific value could averagely reach up to over 5000 major calorie. The to-be-established project Kuli coal had a reserve of 75 million tons. It is estimated to produce 1.2 million tons per year and the project is highly expected to start from August of this year.
As the major part of the integration, Wu Jiu Coal group planned to spend about three years to build up a rare-typed coal producing base of 5 million tons capacity. At the same time, it aims at developing district power plant, city heating as well as coal coking system.