SinoCoking and Coke Chemical Industries, Inc., a Florida corporation, is a vertically-integrated coal and coke processor that uses coal from both its own mines and that of third-party mines to produce basic and value-added coal products for steel manufacturers, power generators, and various industrial users. SinoCoking has been producing metallurgical coke since 2002, and acts as a key supplier to regional steel producers in central China. SinoCoking also produces and supplies thermal coal to its customers in central China. 

JOINT VENTURE WITH A STATE OWEN CORPORATION  

Henan authorities mandate that responsibility for the safety and operations of all coal mines in Henan to be borne by an SOE

Safety upgrade & mine merging  -  total investments of $67 million

  • As required by the Henan government, SinoCoking is upgrading the safety-related systems in order to be approved to resume our mining operations.  The upgrade to be followed by merger of mining operations. 
  • Mine upgrades totaling $35.0 million, 70% or approximately $24.5 million to be paid by SinoCoking and the remainder by Henan Coal Seam Gas.  
  • Mine consolidation totaling $32.0 million. As of 3/31/13, SinoCoking has paid approximately $10.9 million toward such integration.  To be completed 4-6 months after clearance to resume our mining operations is obtained (expected in calendar year 2013).


JV with Henan Coal Seam Gas

  • JV received its business licence in April 2011
  • SinoCoking controls 49% equity interest of the JV
  • Henan authorities mandated that responsibility for the safety and operation at all coal mines in Henan must be borne by one of the six SOE consolidators.  

Benefits of the JV

  • Mitigate potential disruptions from future coal mining policy changes from the central government
  • To  gain access to mines that are only available to SOE consolidators
  • Possibility of entering into the field of coal seam gas extraction and development   

 OPERATIONS :  mining + coal washing & processing + coke manufacturing + power generation + coal trading

Recent News

Hongli Coal and Coke Signed "Tripartite" Agreements with Fangda Special Steel Technology and Henan Shenhuo Group

Click here to view the news release