Coal mining company restructuring has started

It has been reported that the Hubei Provincial Government has recently arranged the deployment of merger and reorganization of coal mining enterprises in the province. It is proposed that by the end of 2012, the annual production capacity of coal mining enterprises in the province will reach 300,000 tons or more, and the annual production capacity of a single well will reach more than 60,000 tons. . At the same time, coal-producing provinces such as Hunan and Sichuan have successively merged and reorganized coal companies.

Some experts pointed out that there are many differences between this round of reorganization and the restructuring of the former coal-producing provinces, or that the coal reform will be brought into more complex deep-water areas.

Reorganization started one after another

Hubei Province is a large coal-producing province and a small coal-producing province. It transports nearly 100 million tons of coal each year from other provinces. The number of small coal mines in the province is relatively large, with low industrial concentration and small scale. Mergers and reorganizations help ease the tension in coal energy.

According to the person in charge of the Hubei Provincial Economic and Information Technology Commission, the coal mine after merger and reorganization should meet the level of safety and quality standardization above grade 3. Coal mines with better coal seam storage conditions should adopt mechanized coal mining to take the opportunity to cultivate a batch of safety and quality standardization. A coal mine backbone enterprise with a high level of mechanization and information management.

The Hubei Provincial Government also encourages powerful coal mining companies to capitalize on the advantages of capital, talent, technology, and management to merge and reorganize small coal mines, and supports large companies such as electric power, metallurgy, and chemical industries that are associated with the coal industry.

According to another report, the General Office of the Hunan Provincial Government also issued a document in the near future and plans to use a merger and reorganization to form a group of coal mining enterprises with an annual output of more than 1 million tons in about three years. The annual average of more than 80% of coal mining enterprises in the province With a production capacity of over 300,000 tons, by the end of 2013, the total number of coal mining enterprises in the province will be controlled within 180, and coal mining companies in the province will implement mergers, reorganizations, and inspections from October 2011 to October 2013.

In recent days, Sichuan Province also expressed its position that the “Opinions on Accelerating the Merger and Reorganization of Coal Mine Enterprises” (Draft for Soliciting Opinions) drafted by the Provincial Economic and Credit Committee on behalf of the provincial government has been revised and is about to be formally introduced. In the second half of the year, the merger and reorganization of coal mining enterprises will be fully started.

Push up the amount of purchased coal

Xing Lei, a professor at the China Coal Economic Research Center of the Central University of Finance and Economics, told the “First Financial Daily” that the coal production in Hubei and other large coal-producing provinces is actually very low. The annual output of the province is only 10 million tons, which is even worse than that of a coal mine in Inner Mongolia. Yield. At the same time, from the perspective of resource quality, Hunan, Hubei and other places do not have large-scale, large-scale high-quality coal mines, and coal mines are generally small. Therefore, the above coal mining province is not suitable to build large-scale coal groups through mergers and acquisitions.

It is understood that in 2006, Hunan Province consolidated six coal companies including Baisha Coal and Electricity Group and Changsha Mining Group in the province into Hunan Coal Industry Group Co., Ltd. (hereinafter referred to as "Hunan Coal Industry"). But even so, due to the limitations of its own reserves and geographical conditions, the output and scale of Hunan's coal industry is far from being comparable to that of coal-producing provinces.

On the other hand, Xing Lei said that in the process of integration, the provinces will almost complete the consolidation of small coal mines, which may lead to a further decline in total production, thereby pushing up the amount of coal purchased from the main producing provinces of coal.

Li Chaolin, an expert from the China Coal Transportation and Marketing Association, once pointed out to the newspaper that after Shanxi Province carried out coal resource reforms and eliminated small coal mines, the province’s coal supply capacity was not as good as before, and it also caused a certain degree of coal shortage in the downstream power plants.

Therefore, Xing Lei believes that the above-mentioned reorganization of coal-producing provinces will not necessarily increase production, while the province's coal purchases will increase. The only positive aspect is that due to the integration of provincial buyers after reorganization, it may increase the bargaining power of purchased coal.

Thermal power plants in the province are hard to gain

A senior manager of a large state-owned coal company stated to this newspaper that although coal-rich provinces such as Hubei and Hunan can use this to increase the right to buy coal, the major thermal power plants in the province will not benefit from it; The five major power generation groups are directly under the jurisdiction of the government, and the coal used is purchased by the group rather than the province.

The above executives pointed out that the biggest beneficiaries of the reorganization of coal-rich provinces such as Hubei are the integrators themselves. An integrated company may use bargaining power to cross-regionally reorganize coal-producing provinces such as Shanxi and Inner Mongolia.

According to the Ministry of Industry and Information Technology of Hebei Province, due to lack of recoverable reserves, the province’s coal output in the first 8 months, the province's output completed 6,427,800 tons, an increase of 5.57%; production outside the province completed 54.4021 million tons, an increase of 161.24 %. The proportion of production outside the province exceeds 40%.

Therefore, the above-mentioned executives said that if Hubei and other provinces follow Hebei's implementation of cross-regional joint reorganization, it will increase the difficulty of coal reform in resource provinces to a certain extent.