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Beijing Plateau Delegation Visited Shanxi Jincheng Anthracite Coal Mining Group

In August 6th, delegation of Plateau made up of Mr. Zhang Qi, the General Manager of Department of Investment Banking and Mr. Peng Hui, the General Manager of Department of Research and Development visited Shanxi Jincheng Anthracite Coal Mining Group (hereafter "Jinmei Group" or the “Group”) and held discussion with Mr. Zheng Shaozu, the Chief Accountant and Mr. Zhao Junping, assistant  to General Manager of Jinmei Group. The two parties exchanged views on opportunities of investment during this event.

Mr. Xu Xian introduced the basic information of Plateau and expressed our hope to explore opportunity of cooperation with Jinmei in the future. Mr. Zheng Shaozu welcomed the visit of Plateau’s delegation and briefly introduced the recent development of  Jinmei. He presented that during the "Twelfth Five Year Plan",  Jinmei Group will continue to develop its six major business segments and strive to achieve goal of "Building two new Jinmei and becoming one of the world’s top 500 companies”. At the same time, he hoped to strengthen the communication with Plateau in order to explore opportunities of co-operation in investment projects.

Jinmei group is controlled by the SASAC of Shanxi province; other minority shareholders include the National Development Bank, China Construction Bank and China Xinda Group. It is one of China’s major producers of anthracite, the country's largest CBM producer, the largest coal chemistry enterprise and the largest power supplier using mashgas. Jinmei Group is consisted of 55 subsidiaries and 10 branches with a total headcount of 150 thousands. By the end of 2011, its total assets reached RMB144.5 billion yuan and the total revenue exceeded RMB112.3 billion yuan.

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