Shanxi Rescue "Coal 17" Officially Promulgated

On May 22, Shanxi again introduced a new policy to boost the coal market, and further implemented 17 measures for “coal 20”, including 11 measures to speed up the implementation of “20 coals”. In addition, it was formulated in 2013. On the basis of "20 coals," six new measures have been added to improve and single-handedly banned coal-related toll collection projects that have not been approved by governments above the provincial level.

Trading service fees continue to halve within one year

At the end of July last year, Shanxi issued 20 "coals" to reduce the burden on coal companies in the province, increase their market competitiveness, and earn effective results in the transformation and development of coal companies and reducing the burden on enterprises. According to the analysis of the research report, only the first measure "from August 1, 2013 to December 31, 2013, suspending the extraction of mining enterprises' environmental recovery and management deposits for coal mines and funds for the conversion of coal mines" will enable the five largest provinces in Shanxi Province. Listed coal companies directly benefit as much as 767 million yuan.

Since the beginning of this year, the province's coal economy has generally maintained a stable operation. However, due to factors such as weak demand, release of production capacity, falling prices, rising costs, increased inventory, and increased competition, the difficulties faced by the coal economy have further increased. For this reason, a new deal in Shanxi Province has boosted the coal market.

In the New Deal, the deadline for the "20 coal" measures will continue to be implemented this year, including the moratorium on mining environmental recovery and management deposits for coal mining enterprises, funds for converting mining development, and the half-collection of coal transaction service fees.

The “20 Articles” has already formulated the measures to implement the measures in 2013. Two requests have been put in place by the end of June this year, involving the financing and stability of coal companies and expanding the market. These include: timely processing of loan repayment procedures for coal enterprises, and more Ways to expand financing channels and reduce financing costs. In the market, Shanxi encourages signing of long-term purchase and sale agreements with users, improving coal quality, and increasing market development efforts.

In addition, seven of them have been identified as mid- to long-term measures in 2013. This year will continue to accelerate research and development, including: crack down on illegal and illegal mining, resolutely curb superpower production; accelerate the construction of coal conversion projects; promote modern mine construction; coal companies themselves Scrutiny; reform of coal resources market allocation; modernization of coal trading; scientific arrangements for coal production and other seven measures.

Banned the provincial and above governments from not approving coal-related charges

Of the six new measures added, it is most worth noting further improvement of the business environment of the company. It is reported that Shanxi will increase its efforts to clean up taxes on coal and all coal-related fees and charges approved by the people’s governments at or above the provincial level shall be cleared, reasonably retained, and unreasonably cancelled; it has not been approved by the provincial or above people’s governments. The coal-related toll collection projects will be banned; in accordance with the national unified deployment, the coal resource tax will be accelerated from ad valorem measurement to ad valorem reform. Unilaterally prohibiting coal-related toll collection projects that have not been approved by the people's governments above the provincial level can reduce the company's losses by 5 billion yuan. In terms of safety inspections, in addition to special inspections and safety inspections arranged by the provincial, municipal, and county governments, inspections of coal companies at all levels and departments are reduced. At the same time, reform the highway transportation and sales coal management system, standardize the highway transportation and sales of coal management practices, and prohibit forced distribution. In the future, it is not allowed to randomly charge or apportion coal companies outside the regulations of the state or the province, and it is prohibited to inadvertently collect various taxes and fees from coal companies in violation of regulations.

In addition to the above measures, Shanxi will also complement and improve coal mine construction, coal mine safety, coal science and technology innovation, and coal industry management systems, and will inject new impetus into promoting the healthy and sustainable development of the coal industry.