Pingdingshan Coal Industry Group is located in Pingdingshan City, Henan Province, formerly known as Pingdingshan Mining Bureau. The major construction project of 1952, which was listed as one of the top ten mining areas in China by 1953, was completed on September 8, 1955. This is the first super-large coal base explored, designed and built by New China itself. 19961October 29th, Pingdingshan Mining Bureau was transformed into a wholly state-owned limited liability company directly managed by the Ministry of Coal Industry. After the Ministry of Coal Industry was abolished, it was managed by the People's Government of Henan Province in July, 1998. In 2002, 1 1 was restructured into a state-owned diversified joint-stock limited liability company. At present, Pingdingshan Coal Industry Group has a registered capital of11600 million yuan, total assets of 57.57 billion yuan, and paid taxes of 4.05 billion yuan in 2007. In 2008, the operating income was 59.69 billion yuan and the profit was 3.3 billion yuan!