On the 28th, Shanghai Yunfeng Group and Guizhou Shuanglong Industrial Group signed a strategic cooperation agreement in Guiyang. The two parties will co-fund nearly 2 billion yuan to register and establish large-scale enterprises and participate in the new round of coal resource integration in Guizhou. They plan to develop coal and coal deep-processing large-scale coal groups with output of over 10 million tons and output value of over 10 billion yuan in the 12th five-year plan period. .

It is understood that Shanghai Yunfeng Group is a state-owned large-scale enterprise with energy, automobiles, real estate, and logistics as its main body. Guizhou Shuanglong Industrial Group is a comprehensive private enterprise focusing on coal, phosphorus chemical industry, food, and trade.

Guizhou is known as the "coastal sea in the southwest," and reserves of coal resources are about 50 billion tons, ranking fifth in the country. This cooperation project is located in Chunan County in the hinterland of the Central Guizhou Province and is a Guizhou coking coal and high-quality anthracite producing area. Greenland Group will acquire 230 million tons of coal resources owned by Guizhou Shuanglong Industrial Group, and will receive 55% of the equity. At the same time, through mergers and reorganization of small and medium-sized coal mines in and around the province, and strive to gradually reach "10 million tons of" production capacity.

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