Recently, the President and General Manager of Sinosteel MECC, Mr. Lu Pengcheng, met with the visiting President Zhao Shiping and General Manager Pei Xiping from Yangquan Coal Industry (Group) Ltd. Both parties communicated with each other on in-depth cooperation.

President Lu Pengcheng extended his warm welcome to the visit of President Zhao Shiping and General Manager Pei Xiping and introduced overall structure of Sinosteel Group and recent business condition of Sinosteel MECC. As a large state-owned enterprise, Yangquan Coal Industry Group has been developing fast in recent years, with complete industrial chain, big potential of growth and good prospect. In addition to the existing project cooperation with Yangquan Coal Industry Group, Sinosteel MECC will continue providing better service for its development, to create more value for both parties and achieve win-win, indicated by Lu.

President Zhao Shiping made a brief introduction about the large-scale project his Group intends to invest and construct in the upcoming period. He agreed that Sinosteel MECC and Yangquan Coal Industry Group are both large state-owned companies with enormous potentiality. There is large space for both sides to explore their respective advantages and realize powerful combination through deep cooperation. Zhao hoped that the two parties could actively communicate and seek for cooperation opportunity around the construction of coal electrification industrial park within the frame of strategic development goal and arrangement of Yangquan Coal Industry Group.

The General Manager Pei Xiping made brief introduction about general information of Yangquan Coal Industry Group by industry classification. He said that during the 12th Five-year Plan period, Yangquan Coal Industry Group will focus on industrial restructuring, actively promote integration of coal electrification, thus to seek for transformation and leaping development, with the rapid development of with, the cooperation opportunities with Sinosteel MECC will be increased with expanded field. He hoped both parties to deepen cooperation to realize win-win.

Yangquan Coal Industry Group, formerly known as Yangquan Mining Bureau, is one of the top 5 coal groups and China’s biggest anthracite production base. After development of more than 60 years, the company has become a coal-based diversified company group with coal and coal chemistry as leading industry, and four major auxiliary industries including aluminum electricity, construction/building material/real estate, manufacturing and trade. The total capital of the group is RMB 126.2 billion, ranking 93rd of top 500 enterprises and 10th of top 100 coal enterprises of China.

Other participants of the meeting are Deputy General Manager Jin Peihong and Lou Miaogen, Deputy Chief Accountant Mr. Gao Yanqing from Yangquan Coal Industry Group, Deputy General Manager Dong Da, Financial Director Yu Lusheng, and Board Secretary Lu Zhiyan from Sinosteel MECC.