Emerging Industries of XMC
Xuzhou Xuzhou Coal Mining Group Corporation (XMC), one of the birthplaces of Chinese modern coal mining, has a 133-year long history of coal mining. As an important energy production and supply base in Jiangsu Province and East China region, a national emergency coal reserve base and one the national top 500 enterprises, XMC has 69 branches, wholly owned or controlled subsidiaries with over 60,000 employees and 11,000 specialists in various fields. It is a trans-regional, multi-industrial and diversified extra-large energy enterprise with total assets of 50 billion Yuan, engaging in coal mining, power generation, coal conversion, mining engineering, mining equipment manufacturing and real estate development. XMC has a new energy lithium battery research and development team consist of Doctors with international background. The intelligence equipment research institute has been established jointly by XMC and Lu Bingheng, who is an academician of Chinese Academy of Engineering. XMC has rich experiences of all kinds of complicated geological conditions of coal mining, and is capable of constructing and operating ultra-supercritical thermal power generation. And also it is able to distribute electricity over long distance to coal mine and hold the world class coal-based compound fuel oil technology.
Since beginning of 21st century, XMC aims at building new energy base, taking the development strategy of going out and bringing in actively. Now there are five energy bases such as Xinjiang, Shaanxi and Gansu, Guizhou, Xuzhou and overseas. XMC independently carried out coal mine and power distribution and transmission projects in Malaysia, Philippines and Bangladesh, etc. XMC owns mining rights, exploration right resources of 18 billion tons. Its annual revenues are 50 billion Yuan, with more than 80 million tons of annual coal production. XMC has controlled shareholding interest in the power plants of installed capacity of 10 million KW which put into operation and under construction. While coal, electricity and chemical industries are developed positively, strategic emerging industries have been started. XMC is developing new energy lithium battery, new energy vehicles, and intelligent equipment manufacturing and new materials. It is trying its best on transition of industrial structure. Facing the future, XMC will take "upgrade, market-oriented reforms, globalization, securitization" as its strategies, and merge into the world. XMC sincerely hope that domestic and foreign enterprises to cooperate on electricity, power grids, oil and gas, new energy lithium battery, new energy vehicles, intelligent equipment manufacturing, new materials with us, sharing development opportunities and a better future.