Huayang Co. Secures Mining License and Property Rights Certificate for Yujiazhuang Coal Mine

Stock News11-08

Huayang Co. (600348.SH) has announced that it recently received the Mining License of the People's Republic of China and the Real Estate Property Rights Certificate (Mining Rights) for the Yujiazhuang Coal Mine, along with related approval notices, issued by the Shanxi Provincial Department of Natural Resources.

The acquisition of the mining license and property rights certificate for the Yujiazhuang Coal Mine marks the formal completion of the transition from exploration rights to mining rights for the Yujiazhuang block that the company previously won through bidding, with the confirmation and registration of mining rights now finalized and a legal ownership basis for mining established.

This matter has effectively increased the company's coal resource reserves, further enhanced its resource guarantee capacity and core competitiveness, and holds significant positive meaning for the long-term sustainable development of the company's core coal business.

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