The government has confirmed that the consolidation and reorganization of existing mines is a healthy policy for the coal industry’s growth.
The Pan County government plans to select and assist a small group of companies with operational and management skills, developing these companies into large scale operators.
L&L Energy chairman and CEO Dickson Lee said the Guizhou government is in the process of selecting experienced mining operators to consolidate existing mines, and each consolidator will target five to six million tons of annual coal mining capacity.
"If selected, L&L would increase its mining revenues more than 500% over the next few years," Lee said.
