Home Categories documentary report Uncovering the Boss of Shanxi Coal

Chapter 92 Helplessness in confusion: Buy ore at "white powder price" and sell ore at "cabbage price"

"Shanxi Coal Integration" is setting off a new round of high promotion climax. This "movement" is advancing at full speed, and the small coal mine located in Gougouchachali, a coal area in the Sanjin Datian real estate area, will "change its name and surname" from now on. However, the reality before us is that the old owners of these small coal mines, the coal bosses, made "deals" with the future "new mine owners" with great reluctance. According to the "integration timetable" provided by the relevant government departments of Shanxi Province, it is estimated that by the end of 2010, the number of coal enterprises in Shanxi Province will be "reduced by 95%".Regarding the "Shanxi Coal Consolidation" led by large state-owned coal enterprises, some people say it is a "transaction" or "reorganization".In short, the fate of small coal mines is also facing "being transformed".

The coal bosses face only a few choices, either directly sell to the state-owned group, or take a stake in the state-owned group at the price of the mine, and jointly reorganize the local coal group. Obviously, "2.28" has become the "door of doom" that determines the careers and lives of coal bosses. Shanxi Province has clearly made the "2.28 Determination" in the "Coal Enterprise Reorganization Plan": "The coal mines where the new enterprise is merged and reorganized stipulate that if after February 28, 2006, the resource price has been paid to the state, the new enterprise after the merger and reorganization shall refund the price of the remaining resource amount of the enterprise, and pay the price according to the original price. 50% of the standard economic compensation."

"Before February 28, 2006, if the resource price has been paid to the state, the new enterprise after reorganization will give economic compensation according to 100% of the original price standard while refunding the remaining resource price." At the end of the plan, a "way" was arranged for the coal boss: "In addition to direct economic compensation, the merged coal company can also buy shares at a discount in the form of resource capitalization as the company's shares in the newly established company." But the information we got back from the market is that the coal bosses basically had a "flat response" to the government's "compensation clause".For coal owners, what needs to be considered is how to maximize their own value, that is to say, they must do everything possible to sell their coal mines at a good price.

"2.28" - the "Yin Yang gate" between heaven and hell! In any case, coal bosses must draw a "life and death lottery" that determines their own destiny at this moment. In fact, long before this, some well-informed coal bosses had already "perceived" the government's intentions.At present, the most direct and obvious manifestation in the market is that the "business" of some "miner speculators" shuttling in the circle of coal bosses has been "not as good as before."The reason is that these "old customers" who used to be generous now dare not blindly "foodie" as before. What follows is that everyone wants to get rid of the coal mine at the last minute to avoid "passive integration" fate.Today, some coal mines have apparently become "hot potatoes" for "consignors", and no private capital dares to take over.

According to insiders in the industry, the "miner speculators" at this time have disappeared. Fire and water are ruthless, and the market is even more so. Life encounters are completely different in the world of mortals. The "baby lump" in the market in the past has become a "hot potato" in the hands of today's coal bosses. In response to this phenomenon, there is a saying in the circle of local coal bosses: these "daily gold" coal mines are in the hands of coal bosses, they are bought at the "white powder price" and sold at the "cabbage price".

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