Home Categories documentary report Uncovering the Boss of Shanxi Coal

Chapter 90 Coal Boss: Curtain call with sighs

This is a stage without applause. This is a big show without applause. The "protagonist" of this drama is the Shanxi Coal Boss. When the drama of "Shanxi Coal Integration" vigorously promoted by the Shanxi provincial government was in full swing, the coal boss who had received great attention from the society stepped down sadly amidst "sighs". From his fortune on the stage to his tragic curtain call, the life of Shanxi Coal Boss is inseparable from the domestic and international economic situation. Since 2001, the international and domestic coal markets have gradually recovered from the historical trough, and the private capital market in Shanxi, a province rich in coal resources, has gradually become active.For a time, a large amount of domestic private capital poured into the coal industry, and tens of thousands of investors flocked to the coal market in Shanxi, which was opened for the first time by the government.As a result, the "seawater" in the coal market rapidly "expanded and boiled" in a short period of time, and then a group of coal bosses worth over 100 million "turned out" and "dazzlingly appeared".

A few years later, the Shanxi provincial government promulgated a programmatic document to redefine the coal industry in Shanxi - "Implementation Opinions on Accelerating the Merger and Reorganization of Coal Mining Enterprises".Correspondingly, relevant government departments have issued multiple sets of policies around the same theme in a short period of time.Its "frequency" is so high and its "weight" is so heavy, it is really rare. In 2007, the Shanxi provincial government issued a document to encourage the reorganization and merger of state-owned coal groups in order to increase the concentration of the province's coal industry.Then, in September 2008, the government issued relevant regulations.

In this regard, some people in the industry once commented: This is another industrial "revolution" in the coal field in Shanxi Province since the technological reform in 2003 and the property right reform in 2005. If you are poor, you will change, and if you change, you will succeed. A series of "combined punches" of policies have been launched one after another, which shows the government's good intentions. Today, in the face of the government's integration "New Deal", coal bosses can only choose to say goodbye tragically. "Once the company completes the reorganization, I will completely withdraw from the coal market. This ('Shanxi Coal Consolidation') trend is mighty, and social development is unstoppable, alas!" A private enterprise owner who has been included in the integration plan by Datong Coal Mine Group Company Say.

It is understood that most of the owners of some private coal mining companies included in the scope of integration are currently holding a wait-and-see attitude, and some coal owners have chosen to cash out and leave. To live or to die, that is the question. But choosing to leave or not to leave is not a matter of reluctance. There is a saying, "People are valuable to have self-knowledge", how well this sentence is said. We believe that it is difficult to achieve "self-awareness", that is, to know one's own "how many catties" and to understand one's "role positioning" in society.

When rationality is dominated by certain desires, people's thinking will become extremely crazy and extreme. Some coal bosses, once their "little life" goal of "supporting their families" was achieved, began to "push their noses on their faces" to realize their once "unimaginable" "wealth ideals", and then marched toward "wealth fantasy". However, some coal bosses who "have a clear understanding of the world" have "retired bravely" before the government's integration of the "New Deal", "awakened" themselves, and quit voluntarily.

With these coal bosses, those small coal mine owners who were included in the scope of "integration" from the beginning chose to cash out and leave. In the words of some people, if I knew I was going to leave today, why bother to squeeze in? Daring!
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