About Us
Perennial Energy
Holdings Limited is a company listed on the main board of the Hong Kong Stock Exchange Limited (Stock Code: 2798). We are a coal mining
company based in Guizhou Province, China. We currently operate two
underground coal mines in the Songshan coal field in western Panzhou City,
Guizhou Province, China, namely, the Hongguo Mine and the Baogushan Mine, and
one underground coal mine located in Pan County coal field, Panzhou City,
Guizhou Province, China, namely, Xiejiahegou Mine. Our mines are located next
to the local transport highway, Hongguo Mine and Baogushan Mine are
approximately 5 km to the Huajiazhuang Railway Logistics Center while the
Xiejiahegou Mine is approximately 80 km to Huajiazhuang Railway Logistics
Center.
We employ
mechanized longwall retreating underground mining method to extract raw coal
which are mostly 1/3 coking coal from our Hongguo Mine and Baogushan Mine while
the raw coal extracted from the Xiejiahegou Coal Mine is mainly coking coal. We
generally wash and process raw coal into clean coal at our Songshan Coal
Preparation Plant before selling the coal products to our customers. During the
coal preparation process, by-products, namely, middling coal and sludge coal,
are also produced.
Our coal is generally sold to end-user customers directly
although a portion of our coal products are sold to trading companies in
Southwest China. Our end-user customers include coking enterprises, iron and
steel or chemical manufacturers possessing coke production capabilities in
Southwest China and power plants in Liupanshui City.
We believe our success and future prospects are underpinned
by a combination of competitive strengths including (a) our mines are
strategically located in Guizhou Province, a key producer of coking coal and
1/3 coking coal in Southwest China; (b) we have abundant coal resources and
reserves; (c) our mines are connected to highway and railway networks enabling
us to have efficient and effective access to our customers; and (d) we have a
strong management team with solid industry experience.