Pursuant to Shanxi Province’s coal mine consolidator program, consolidators are required to do exploration for the reserves of the assigned target coal mines and submit geological technical reports to Shanxi province’s technical reviewer.
The Report prepared by Shanxi Coal Geology lists detailed information regarding Da Wa Coal’s geology, seams, characteristics, engineering, exploration, environmental and coal reserves.
The company acquired the mining assets of Da Wa Coal in May 2010, which have been placed into a new project company named Shanxi Pinglu Dajinhe Coal Industry, 100% owned by Shanxi Coal.
