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How to deal with international financial crisis



According to the bureau of coal industry in Shandong province, Shandong will increase efforts to shut down small coal mines, and no longer examine and approve new coal project in principle. The really necessary project must achieve above 45o, ooo tons /year.
In recent years the small cal mines has the following issues: indiscriminate digging, lack of strategic guidance and effective supervision. Shandong province rectifies and closes the individual mines by steps. In 2008, the small mine which production is less than 90,000 tons was closed. In 2009 all the township coal mines were canceled. In 2010 and 2011 it planned to close the mine of resource depletion. These series measures have promoted the coal enterprise merges and reorganizations.
Another way for the coal enterprises is to introduce the overseas coal resources. Since the international financial crisis, the international coal demand grows slowly. However, China’s coal demand grows quickly; the coal price continues to rise. The Untied States, Australia, Russia and other coal exporting countries have seen China as an important coal exports “destination”. Domestic central enterprises have set foot in the coal import business.
The United States is one of the richest coal deposits countries in the global, the huge coal resources has quite attractive to Chinese enterprise. The coal field has fewer restrictions for foreign funds in the America. The Chinese companies have relatively small resistance to acquire U.S. coal mines. Some U.S. coal mines with better resource conditions will be subject to domestic investors favor. The analysts believe that the Chinese enterprises can get better profits in the exploitation of coal in the United States. Because the coal price in China is very high, but the coal price in the America is very low for the rich coal resources.
For many years specialized in the research and development impact crusher, powder mill and dryer, Henan Hongxing believes that China’s mining machinery industry must optimize and upgrade resources and structure. We must take full use of our advantages such as we have large number of parts enterprise, and lots of large-scale host products enterprises. Although the crusher enterprise has a lot of market pressure, we can catch up and overtake the abroad on a shot time if we can put efforts to the research and development of new high-tech with the government support.

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