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Monday, 18 February 13
78.75 MILLION TONS OF COAL RESERVES ARE NEWLY PROVEN IN WUGANG HUNAN PROVINCE


COALspot.com - Recently, Wugang City, known as the CHINA hundred key coal producing cities, achieved new breakthroughs in coal exploration: deep coal exploration project in Longjiang region implemented last year has proven coal reserves of 29.889 million tons, coupled with the previously known 48.861 million tons, a total of 78.75 million tons of proven coal reserves in Wugang City, CBI BIZ reported.

Its potential value reached 23.625 billion yuan, which is available for 2 underground mining with an annual output of 300,000 tons for more than 70 years.

According to CBI BIZ, Wugang city has relatively abundant coal resources, however, due to the long mining history, coal proved reserves are in danger of production collapse. To ensure sustainable economic development, Wugang city actively looked for a new reserve and declared coal exploration projects to the provincial Ministry of land, finally won the national special financial support for mine exploration. Since 2008, the provincial bureau of geological prospecting team 418, conduct coal exploration in Longjiang and Dengjiapu.

After several years of hard work, has now proven 78.75 million tons of coal reserves in Wugang territory, layed the basis for Wugang sustained and steady development in coal industry, CBI BIZ says in report.
Source: CBI BIZ



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