YANKUANG ENERGY GROUP(600188):ACQUISITION OF COAL EXPLORATION RIGHT TO STRENGTHEN CORE COMPETENCY
YANKUANG ENERGY GROUP(600188):ACQUISITION OF COAL EXPLORATION RIGHT TO STRENGTHEN CORE COMPETENCY
What happened
發生了什麼
On December 8, Yankuang Energy Group announced that it had acquired the exploration right to the No.1 coal mine in Inner Mongolia's Huolinhe coal mining area for a consideration of Rmb3.72bn. We think that the incremental coal resources will strengthen the firm's medium-to-long term supply capability and core competency.
12月8日，兗礦能源集團宣佈以37.2億元人民幣的對價收購了內蒙古霍林河煤礦區第一煤礦的勘探權。我們認爲，煤炭資源的增加將增強公司的中長期供應能力和核心競爭力。
Comments Average acquisition cost of Rmb3.57 per tonne. The Inner Mongolia
評論平均收購成本爲每噸人民幣3.57元。內蒙古
Public Resources Trading Center announced the transfer of exploration right to No.1 coal mine at Huolinhe coal mining area, and the reserve price was Rmb6.71mn. On December 8, Yankuang Energy won with a bid of Rmb3.72bn, translating to average acquisition cost of Rmb3.57/t.
公共資源交易中心宣佈轉讓霍林河煤礦區一號煤礦的勘探權，底價爲671萬元人民幣。12月8日，兗礦能源以37.2億元人民幣的出價獲勝，這意味着平均收購成本爲人民幣3.57元/噸。
Planned capacity of 6mnt/year. The Huolinhe No.1 coal mine is located in Huolingol city (Tongliao) in the eastern part of the Inner Mongolia Autonomous Region. The exploration section has an area of 33.54 sq km.
計劃產能爲每年600萬套。霍林河一號煤礦位於內蒙古自治區東部的霍林郭勒市（通遼）。勘探部分的面積爲33.54平方千米。
The National Development and Reform Commission approved planned annual capacity of 6mnt.
國家發展和改革委員會批准了每年600萬噸的計劃產能。
Total reserves of 1.04bnt long-flame coal and brown coal in 2018.
2018年，長焰煤和褐煤的總儲量爲10.4億噸。
According to public information on the Inner Mongolia Public Resources Trading Center, on October 31, 2018 the Huolinhe No.1 coal mine had total coal reserves of 1.04bnt. Under the classification based on the feasibility and reliability of reserves and resources, the mine has 221.74mnt of basic reserves (122b), 758.93mnt of inferred resources (333), and 60.29mnt of predicted resources (334). By the type of coal, the mine has 795.15mnt of long-flame coal and 245.81mnt of brown coal, mainly for power generation, industrial broilers, and household use.
根據內蒙古公共資源交易中心的公開信息，2018年10月31日，霍林河一號煤礦的煤炭總儲量爲10.4億噸。根據基於儲量和資源的可行性和可靠性的分類，該礦擁有221.74億英鎊的基本儲量（122b）、758.93億的推斷資源（333億英鎊）和60.29億的預測資源（334萬噸）。按煤炭類型劃分，該礦有795.15億噸長焰煤和245.81億噸褐煤，主要用於發電、工業肉雞和家庭用途。
Inner Mongolia has a limited number of historical tenders for coal exploration right. The previous tender was for the Bayan Chaidamu mine, won by Sinopec on March 24, 2023 for Rmb30.15bn (average price of Rmb14.15/t), a 202% premium over the reserve price. The mine has an exploration area of 115.43 sq km, 2.13bnt of coal resources, and 10mnt/yr of designed production capacity. Its coal resources include non-caking coal, which accounts for the largest portion, and slight-caking coal. The bidding price was relatively high, but the mine is superior to the Huolinhe No.1 mine in terms of scale and coal types.
內蒙古的煤炭勘探權歷史招標數量有限。上一次招標是巴彥柴達木礦，中石化於2023年3月24日以301.5億元人民幣（平均價格爲人民幣14.15元/噸）中標，比底價高出202％。該礦的勘探面積爲115.43平方千米，煤炭資源爲213億英鎊，設計產能爲1,000萬噸/年。其煤炭資源包括佔最大份額的非結塊煤和小塊煤。競標價格相對較高，但該礦在規模和煤炭類型方面都優於霍林河一號礦。
Risks
風險
Project progress, and/or growth in coal demand disappoint.
項目進展和/或煤炭需求的增長令人失望。
譯文內容由第三人軟體翻譯。