
In respect of energy and mining, the group is now paying great importance to the development of the coal mine in China's Inner Mongolia. Situated in Erdos City, the Bojiang Hazi Coal Mine lies in an area that is among 13 national strategic coal bases, where the coal product proves to be high-quality steam coal, with calorific power above 6000 kcal. At present, Vcanland has obtained 60 km² mining area, or approximate 675 million tons of coal reserve. Taking the restrictive adjacent mining area into consideration, the group's coal reserve will sum up to 1 billion tons, with a controllable mining area of 124km².
In April 2009 and at the beginning of 2010, Vcanland contracted with Huainan Mining Group, one of China's top state-owned coal mining conglomerates. Since then, the two parties have been working together to carry out all necessary start-up operations. At present, the project is under construction and the total investment is expected to be 4 billion RMB. As planned, coal production will effect in 2012 and formal production will come a year later with annual output up to 15 million tons. Except for the company's private rail road for coal transportation(30km), the group also participates in the investment of a national rail logistic passage.
At the same time, the Group is cooperating with some other companies in non-ferrous mineral exploration, to make mining business as a new force adding to the group's profit growth