Heilongjiang LongMay Mining Group Co Ltd annoucement witnessed a stable growth in 2008 with the total coal output reached 54.95 million tonnes up by 0.91 million tonnes YoY.

The coal demand has started to shrink since the second half of 2008 owing to the global financial crisis. However, despite this backdrop, LongMay Group didn’t slow down its mining process. In 2008, its drilling footage reached 0.97 million meters, up 0.2 million meters from that in 2004 when the group was established.

Heilongjiang LongMay Mining Group was founded in 2004 by regrouping the quality assets of Jixi Mine, Hegang Mine, Shuangyashan Mine and Qitaihe Mine in the province with the total assets of CNY 36.2 billion.

sourced : www.Mysteel.net

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