en.Wedoany.com Reported - China's Lu'an Environmental Energy issued an announcement stating that the company recently received the "Mining License of the People's Republic of China" and the "Real Estate Title Certificate of the People's Republic of China (Mining Right)" for the Shangma Coal Mine, issued by the Department of Natural Resources of Shanxi Province. China's Lu'an Environmental Energy Shangma Coal Mine has thus completed the registration and confirmation of its mining rights, establishing the ownership foundation for legal extraction.

The Shangma Coal Mine involved in this mining right permit is located in Xiangyuan County, Shanxi Province, China. It represents the conversion result of the coal exploration right that China's Lu'an Environmental Energy successfully bid for 12.126 billion yuan in August 2024. The exploration area of the Shangma block's coal exploration right covers 72.4173 square kilometers, with coal resources totaling 819.575 million tons, adjacent to the company's headquarters and main mining areas. After acquiring the exploration right, the company subsequently advanced the approval process for converting exploration rights to mining rights.

China's Lu'an Environmental Energy is a listed coal enterprise based in Shanxi Province, with its controlling shareholder being Lu'an Chemical Group. It is currently the only coal enterprise in China to be continuously recognized as a high-tech enterprise. The company stated that obtaining the mining permit for the Shangma Coal Mine will effectively increase the company's coal resource reserves, optimize production layout, and have positive significance for the company's production, operations, and long-term sustainable development.

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