On November 11, Geelong issued an announcement that Ningxia Kinetic Mining Co., Ltd., an indirect wholly-owned subsidiary of the company, owned Yong'an Coal Mine ('Yong'an Coal Mine') located in Ningxia Hui Autonomous Region, has formally entered into joint trial operation on November 8, 2024, with expectations to reach full production by 2026.

Yong'an Coal Mine spans approximately 6.5 kilometers north to south, 3.6 kilometers east to west, with a mining area of about 21.7 square kilometers. Yong'an Coal Mine produces various types of coal, including coking coal, 1/3 coking coal, and lean coal, with a designed capacity of approximately 1.2 million tons per year. As of the date of this announcement, Yong'an Coal Mine contains an estimated total coal resource of about 0.22422 billion tons, including approximately 63.22 million tons of controlled coal resources and approximately 0.161 billion tons of inferred coal resources.