On October 28, Shandong Energy Group and Inner Mongolia Mining Group signed an agreement on the capital increase of Yanzhou Coal to Inner Mongolia Mining Group. This also marks that the reorganization of Inner Mongolia Mining Group, which began in October last year, has been settled, and Yanzhou Coal Industry has officially entered the Inner Mongolia Mining Group.
On August 14, Shandong Energy Group and Yankuang Group signed the merger agreement between Shandong Energy Group Co., Ltd. and Yankuang Group Co., Ltd. According to the agreement, Yanzhou Mining Group changed its name to "Shandong Energy Group Co., Ltd." as the surviving company, enjoying the equity or interest in the subsidiaries and subsidiaries of Shandong Energy and Yanzhou Mining Group before the merger. Before the merger, Yanzhou Mining Group was a shareholder of Yanzhou Coal Mining, the main body of the capital injection. After the merger, Shandong Energy Group takes coal, coal power, coal chemical industry, high-end equipment manufacturing, new energy and new materials, and modern logistics trade as its leading industries. It is the only large-scale energy company in the country that has listed platforms in four places at home and abroad. One of the energy companies with the highest degree.
In December 2018, the Natural Resources Department of Inner Mongolia Autonomous Region signed the Strategic Cooperation Framework Agreement with the former Yankuang Group. In September 2019, the People's Government of the Inner Mongolia Autonomous Region agreed to separate the Geological and Mineral Group, the Coal Exploration Group, and the Nonferrous Group from the Mining Group, and the State-owned Assets Supervision and Administration Commission of the Inner Mongolia Autonomous Region will perform the responsibilities of the investor on behalf of the Inner Mongolia Autonomous Region Government; the investor of the separated mining group will be The Department of Natural Resources was changed to Inner Mongolia Geological and Mineral Group. The People's Government of the Inner Mongolia Autonomous Region agreed to reorganize the mining group by listing and introducing strategic investors while ensuring that state-owned assets are not lost.
The signing of this agreement marks the completion of the reorganization of Inner Mongolia Mining Group after two years. The two sides have made substantial progress in cooperation, opening a new chapter of strong alliance and mutual benefit.
Chen Wei, chairman of Inner Mongolia Geo-Mineral Group, said that the signing of the agreement will lay a solid foundation for the reorganized Inner Mongolia Mining Group to further improve the industrial system and build a professional and modern large-scale resource-based enterprise. it will also provide useful help for Inner Mongolia Geo-Mineral Group to promote industrial transformation, adjust industrial layout, and improve the modern enterprise system. Inner Mongolia Mining Group will earnestly perform its duties as a shareholder, support the development of the reorganized Inner Mongolia Mining Group, and work with Shandong Energy Group to promote Inner Mongolia Mining Group to optimize its industrial layout, enhance its core competitiveness, improve economic efficiency, and achieve new leapfrog development.
Li Xiyong, chairman of Shandong Energy Group, said that the signing of the capital increase and share expansion agreement is an important achievement of giving full play to the comparative advantages of both sides and deep integration and development. In the future, the two sides will give full play to their respective industrial advantages, resource advantages and market advantages, further implement the ecological priority and green development strategy, accelerate the construction of a number of demonstration projects of coal, coal chemical industry, coal power, new energy and new materials, and build a green economic industrial chain of deep processing, low emission, high added value and clean transformation of coal, The reorganized Inner Mongolia Mining Group has become a large-scale leading enterprise with excellent quality, scale and efficiency in Inner Mongolia Autonomous Region, efforts should be made to win the first opportunity and become stronger and better in the new round of energy revolution and industrial restructuring.
The person in charge of the relevant departments of the State-owned Assets Supervision and Administration Commission of the Inner Mongolia Autonomous Region, the Secretary of the Party Leadership Group and Director of the Natural Resources Department of the Inner Mongolia Autonomous Region Sui Weijun, and some representatives of Shandong Energy Group and Inner Mongolia Geological and Mineral Group attended the agreement signing ceremony.
Website Editor: Gong Li
