Jizhong Energy Group Co., Ltd. reported that it has increased coal production potential at Wannian mine by about 200,000 tonnes this year, through coal finding and continuous design optimizing.
The mine is owned by the listed subsidiary Jizhong Energy Resources Co., Ltd., which is principally engaged in the mining and processing of coal.
Falling coal price, which has rendered the mine's #9 coal lossmaking, prompted the company to adjust production plans and shift focus to corner area and other small blocks to maintain coal production and ensure the annual profit target.
In order to ensure continuation of mining operation, the company identified a new working face that would put into operation by the end of September. The new mining face is expected to have a strike length of 230 meters, and an average seam thickness of 3.2 meters, with reserves about 160,000 tonnes.
(Writing by Riley Liang Editing by Harry Huo)
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