Ordos (600295) on August 14th evening announcement, a subsidiary company of Inner Mongolia erdos power metallurgy co., LTD., offered $1.51 billion acquisition of the parent company of ordos cashmere group owns a 10% stake in the ordos coal company forever.

Ordos coal company registered capital of 100 million yuan, on June 19, 2010, its investment matei trenches coal mine the mineral resources exploration license, and already paid the right of exploration costs 197 million yuan. The matei in coal mine is located in the town of Zagreb sarkozy ejin horo banner, ordos city, approved by the field area of 81.62 square kilometers, matei trenches for mining field defined (940 ~ 665 m elevation) in the mining areas of coal resources reserves of 1.39891 billion tons, matei trenches for mining field defined outside the mining area (665 ~ 610 m elevation) coal reserves of 9.81 million tons. Matei in mine design production capacity of 8 million tons/year, matei in coal mine in September 16, 2009 formally starts, plan in December 2013 to trial production conditions.

 

Announcement, as of June 30, 2013, due to the ordos coal company was still in the stage of project construction, the book value of total assets of 2.34 billion yuan, the evaluation value of 16.491 billion yuan, the increment rate 604.81%; Debt book value and the assessment value 1.292 billion yuan, no increase or decrease of change; Net book value of 1.047 billion yuan, assess the value of 15.198 billion yuan, increment rate of 1351%.