Gansu Energy & Chemical announced that the Hongshaliang Open Pit Mine and Hongsha Liangjing Mining and Mining declared by Tianbao Company, a wholly-owned subsidiary of the company, were reviewed and approved for inclusion in the national capacity reserve coal mine project. Meanwhile, Tianbao will transfer production capacity replacement targets of 2 million tons/year and 2.4 million tons/year, which is expected to bring in about 295 million yuan in capital inflows. This move is conducive to avoiding downside risks in the coal market, optimizing production layout, reducing mine construction costs, and enhancing market competitiveness.

Gansu Energy & Chemical announced that the Hongshaliang Open Pit Mine and Hongsha Liangjing Mining and Mining declared by Tianbao Company, a wholly-owned subsidiary of the company, were reviewed and approved for inclusion in the national capacity reserve coal mine project. Meanwhile, Tianbao will transfer production capacity replacement targets of 2 million tons/year and 2.4 million tons/year, which is expected to bring in about 295 million yuan in capital inflows. This move is conducive to avoiding downside risks in the coal market, optimizing production layout, reducing mine construction costs, and enhancing market competitiveness.