On June 10, 2020, the Pingliang Wuju Coal Industry Co., Ltd. Wuju Mine and Coal Preparation Plant project was approved by the National Energy Administration.

According to the reply of the National Energy Administration, in order to promote the construction of a large coal base in Huanglong, ensure the stable supply of energy, optimize the structure of the coal industry, and promote local economic and social development, it agreed to implement coal capacity replacement and build a Wuju coal mine project in the Huating mining area. The project unit is Pingliang Wuju Coal Industry Co., Ltd.

The Wuju coal mine construction project is a key project in Gansu Province. The project scale is 2.4 million tons, with a total investment of 3.267 billion yuan. It supports the construction of a coal preparation plant of the same size and puts into operation two fully mechanized mining faces.

According to reports, Pingliang Wuju Coal Industry Co., Ltd. is a wholly-owned subsidiary of Pingliang Tianyuan Coal Electrification Co., Ltd. with a registered capital of 400 million yuan, and its business scope is coal mining, coal washing, processing and sales. On January 18, 2020, Shandong Feicheng Fertilizer Coal Industry Co., Ltd. increased its capital and shares in Pingliang Wuju Coal Industry. The company's registered capital increased from 400 million yuan to 1 billion yuan. After the capital increase and share expansion, the shareholders of Wuju Coal Industry Co., Ltd. are: Feicheng Fei Mine Coal Industry Co., Ltd., Jiugang Group Corporation, and Jiangsu Yueda Group Corporation. Editor/Zhao Jing