Xinwen Mining Group (Co), Ltd. is located in Xintai city, Shandong province., China. It¡¯s one of the super large state-owned companies in China and the sales income in 2007 is USD 3.0 billion. The Group enjoys high credit prestige of AAA class and has the total line of credit of USD 1.6 billion totally from 4 state-run banks.
Now our corporation asset total value has reached USD 5.2 billions. The production output of raw coal is over 15 million tons, and the Longgu mine with a design ability of 6 million tons is in construction, and the Group has signed the final agreement with the government of Yili state in Xinjiang Autonomous Region for the investment to the construction of the Coal-chemical Project with annual processing capacity of 50 million tons raw coal which is the biggest one in China, and now it¡¯s in construction. At the same time the Group is the holding company for the following non-coal (industry) companies and factories that are of strong competitiveness in the country ¡£the mainly non-coal products we produce such as: cement (5 million tons / year), Electricity (8.06 million MW), gypsum (500,000 tons / year), specialty paper (50,000 tons / year), salt chemical (100,000 tons of caustic soda, 100,000 tons of PVC). By 2010, coal production capacity of the Group will reach at 40 million tons, the total sales income reach USD 7500 millon.
Xinwen Mining Group Material Supply and Sell Co., Ltd is completely owned by Xinwen Mining Group (Co.), which is the only unit to be appointed to purchase all the equipments, goods and materials used inside of the branches, sub-companies, holding companies and equity participation companies of the Group and to do the international trade and the foreign investment on behalf of the Group. With the registered capital of USD 4.5 million and the grand total of assets of USD 10 million the co. has 1,500 stuff members. The sales income in 2007 is USD 450 million and the line of the credit is USD 300 million in total. Further more, the co. can use the line of credit of USD 1.65 billion belonging to the parent co. (Xinwen Mining Group) unconditionally. In the foreign trade the main imported products of the co. are raw materials such as iron ore fine, manganese ore, chrome ore, nickel ore, alumina etc. The co. was awarded as the unit of ¡°strictly abiding by contracts and punctuality¡± in the year of 2002. The co. got the certificate of qualification enterprise to import and export and approve to do the business of importation and exportation business of various kinds of commodities and technology by itself or to be the agent for others in 2001. The co. passed the attestation of standard quality control system of GB/T19001-2000 idt ISO9001: 2000 in the year of 2002.
In recent years, the company was set up 14 business offices in domestic and two branches at abroad, established a materials marketing net of mainly to the regionand the radiation surrounding, used the direct marketing and 'cost of the two' for talks with manufacturers, expanding external market share. The external market sales except the abroad is over USD 150 millon At the same time,we actively carry out the import and export business, cooperating with Brazil, Russia, the United States, India, the United Arab Emirates, Germany and other countries on the business of iron ore, nickel ore, manganese ore, timber, gypsum board, PVC sheets and cement clinker, the income of International trade in 2007 is USD 125 million.From January to July in 2008, the sales income is USD 340 millon.
At present, the company is to enhance core competitiveness of enterprises as the goal, to expand the scale of the logistics trade as the point. to build a trans-regional, cross-sectoral, cross-border trade of modern logistics enterprises. The expected sales income is USD 750 millon in 2008
