Baotailong (601011.SH) announced on October 8th that the company has received the "Notice on Allowing Baotailong Mining Co., Ltd., a subsidiary of the company, to resume production of Mine No. 5, issued by the Xinxing District People's Government in Qitaihe City, Heilongjiang Province (referred to as the "Notice"), authorizing the subsidiary Qitaihe Baotailong Mining Co., Ltd. to resume production.
Mine No. 5 of Qitaihe Baotailong Mining Co., Ltd. has a designed production capacity of 0.3 million tons per year. After being put into operation, it will increase the company's self-supply capacity of raw coal, reduce the company's raw material costs, further enhance the company's production capacity, improve the company's future profit levels, and bring positive impacts on the company's sustainability and operational performance.